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Elon Musk Asks To Delay Start Of Twitter Court Battle

  Tesla chief Elon Musk asked a Delaware court Friday to reject a bid by Twitter to put their $44 billion merger lawsuit on trial … Continue reading Elon Musk Asks To Delay Start Of Twitter Court Battle


(FILES) In this file photo taken on May 02, 2022, Elon Musk arrives for the 2022 Met Gala at the Metropolitan Museum of Art in New York. – Elon Musk on May 10, 2022, said he would lift Twitter’s ban on former US president Donald Trump if Musk’s deal to buy the global messaging platform is successful. “I would reverse the ban,” the billionaire said at a Financial Times conference, noting that he doesn’t own Twitter yet, so “this is not like a thing that will definitely happen.” (Photo by Angela Weiss / AFP)
(FILES) Elon Musk said on May 13, 2022 he was putting a temporary halt on his much-anticipated deal to buy Twitter, sending shares in the social media giant plunging. (Photo by Brendan Smialowski / AFP)

 

Tesla chief Elon Musk asked a Delaware court Friday to reject a bid by Twitter to put their $44 billion merger lawsuit on trial in September, instead asking to push it back until next year.

In a court document cited by US media, Musk’s lawyers accuse Twitter’s board of directors of wanting to expedite the case.

Twitter on Tuesday sued Musk for breaching the contract he signed to buy the tech firm, calling his exit strategy “a model of hypocrisy.”

The suit filed in the US state of Delaware urges the court to order the billionaire to complete his deal to buy Twitter, arguing that no financial penalty could repair the damage he has caused.

The social media giant wants to hold the trial in September so as not to prolong the period of uncertainty currently threatening the company.

But Musk asked that the trial not start before February 13, citing the complexities involved.

Musk’s lawyers did not immediately respond to a request by AFP for comment.

The billionaire had agreed to buy Twitter at the end of April.

But after weeks of threats, Musk last week tried to pull the plug on the deal, accusing Twitter of “misleading” statements about the number of fake accounts.

That set the stage for a potentially lengthy court battle with Twitter, which has defended its fake account oversight and vowed to force Musk to complete the deal, which contained a $1 billion breakup fee.

The social network says the number of fake accounts is less than five percent, a figure challenged by Musk, who says he believes the percentage is much higher.

His lawyers say proving that will require analyzing mountains of data.

A preliminary hearing is scheduled for Tuesday in a business law court in Delaware.