Trial for Lawsuit Between Twitter and Elon Musk Set to Start in October

gamerant.com:

There seems to be no end to the Twitter and Elon Musk saga as the story takes another dramatic turn. It all began in April this year when Elon Musk announced his plans to buy Twitter, sending shockwaves through the tech industry. The social media giant was initially resistant to the acquisition and wanted to avoid the Twitter takeover through the poison pill strategy, which never happened.

Regardless, both parties seemingly came to an agreement after some deliberation as Musk's Twitter purchase was imminent. Reports were circulating that the deal was all but done between the two, and media outlets began speculating new changes on the social media portal. However, Musk suddenly backed out of the deal.

PlayStation Support Is Shutting Down Its Twitter Account

Musk cited his primary reason as the secrecy of the Twitter board to reveal information about the number of bot accounts. Nonetheless, the social media corporation believes it was betrayed in a $44 billion buyout deal and deserves a legal remedy. Consequently, news broke out that Twitter plans to sue Elon Musk for pulling out of the deal and will push for the original agreement to go through. Twitter took the matter before a Delaware court, where oral arguments were presented earlier today. Twitter's legal team pushed vehemently for a trial as soon as possible, while Musk wanted the proceedings to begin in February next year.

Kathaleen McCormick, Chancellor of the Delaware Court of Chancery, ruled in Twitter's favor as she set the trial date for October. «Delay threatens irreparable harm; the longer the delay, the greater the risk,» said the Delaware Court judge. Even though Twitter was hoping for a trial in September, this judgment is a massive win for the social media