Judge orders October trial for lawsuit between Elon Musk and Twitter

[brooklynite]

Source: CNN

New York (CNN Business)In an early victory for Twitter, a judge on Tuesday ruled that the company's lawsuit against Elon Musk over their $44 billion acquisition agreement should go to a five-day trial in October.

The decision came at the end of the first hearing in the case over whether to expedite the proceedings. When it filed the suit last week, days after Musk moved to terminate the deal, Twitter (TWTR) filed a motion to expedite the proceedings and requested a four-day trial in September. Musk's legal team opposed the motion.

Twitter's lead counsel William Savitt came out swinging against Musk at the start of the hearing as he argued in favor of a speedy trial. Savitt said the continued uncertainty hanging over the company from the outstanding deal and litigation "inflicts harm on Twitter everyday, every hour and every day." He also pointed to what he described as Musk's continued disparagement of Twitter, including on its own platform.

"Musk has been and remains contractually obligated to use his best efforts to close this deal," Savitt said. "What he's doing is the exact opposite; it's sabotage."

Read more: https://www.cnn.com/2022/07/19/tech/twitter-elon-musk-lawsuit-first-hearing/index.html

[SunSeeker]

1. Wow, that's some kind of rocket docket!

When us little people file lawsuits, we wait years for a trial.

[LudwigPastorius]

3. In this case, I have no problem.

Musk was trying to get the trial delayed until at least next year, probably in the hope that Twitter's stock price would be back up to where it was when he made the buy offer.

He'll probably settle with them for cash, but I'd love to see him lose billions by being forced to make good on the deal.

[jgmiller]

2. Chancery court, only bench trials and they don't even allow opening arguments.