Elon Musk asked a judge to schedule a five-day trial beginning October 17, as requested by Twitter, away from his $44 billion (about Rs 3,51,540 crore) deal to acquire social media Asked to resolve your bid to go. forum, according to a court filing on Tuesday.
a lawyer for muskThe world’s richest man said he was writing to the judge to “let things proceed immediately to break the impasse”.
Twitter declined to comment.
Chief Justice Chancellor Kathleen McCormick of the Delaware Court of Chancery last week ordered the October trial, which promises to be one of Wall Street’s biggest legal fights in years. However, he left it to the parties to decide the exact schedule.
Musk, who is the chief executive officer of the electric vehicle maker Tesla, had requested a February trial, in which he said that necessary time be provided to him for a thorough investigation of fake accounts on Twitter. He said the company misrepresented its user numbers and therefore violated the merger agreement, which allowed them to walk away.
The company, which requested a September trial, said the fake account issue was a distraction and that the terms of the deal would require Musk to pay.
Musk’s letter also asks the judge to immediately order Twitter to serve as a “key document” requiring Twitter to produce all raw data by August 1 and the company 18 days after the request. Documents need to be produced within.
Musk accused Twitter of refusing to immediately provide documents such as manuals and policies regarding active daily user counts and artificial intelligence and “all items in the data room.”
© Thomson Reuters 2022