According to a court filing made public on Friday, a Delaware judge ordered a five-day trial in a lawsuit against Twitter Inc seeking to hold Elon Musk on October 17-21 for his $44 billion deal for the social media platform. Gave.
Musk, the world’s richest man and also the chief executive officer of Telsa Inc., must file any counterclaims by 5 p.m. ET Friday, according to an order signed Thursday by Delaware Court of Chancery Chancellor Kathleen McCormick.
Musk’s lawyers have said he could file a counterclaim, essentially his own lawsuit against Twitter, in which he could seek financial damages for the disputed deal.
Musk said he was walking away from the deal on July 8, accusing Twitter of breaching the merger agreement by misrepresenting the number of fake accounts on the platform.
Twitter sued a few days later, claiming the fake account was a distraction and saying that Musk is obligated to close the deal at $54.20 per share from the merger contract.
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