A Delaware court has ruled that Twitter’s lawsuit against Elon Musk for attempting to back out of his acquisition of the company will be heard in October.
Twitter originally wanted a date in September, while Musk asked for February.
Musk agreed to buy Twitter for $44 billion in April but then appeared to get cold feet.
Despite having waived his ability to do due diligence on the company, he claimed that Twitter had too many bots. He then tried to terminate the agreement.
In response, Twitter sued to hold him to the purchase.
During oral arguments before the judge, Chancellor Kathleen McCormick, Twitter claimed that Musk’s bot arguments were bad-faith attempts to back out of the deal due to an acute case of buyer’s remorse.
In court, Twitter’s counsel said that Musk’s conduct was “inexcusable.” Musk has held up an employee retention plan, and is engaging in “needless value destruction.”
In response, Musk’s lawyers suggested that Twitter was giving Musk the run-around with bot data.
Though an October court date is a quick turn-around, Judge McCormick said that a delay would threaten irreparable harm to Twitter. She indicated she was confident both teams of lawyers would rise to the occasion.
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