Twitter doesn’t object to a proposal by Elon Musk to begin on Oct. 17 a trial over Musk’s bid to walk away from his $44 billion acquisition deal however the social media firm needs a dedication to finish the trial in 5 days, Twitter stated in a court docket submitting on Wednesday.
Musk has stated he wants time to finish an intensive investigation of what he says is Twitter’s misrepresentation of fake accounts, which he stated breached their deal phrases.
Twitter has known as the faux accounts a distraction and pushed for the trial to carry Musk to the deal to begin as quickly as doable, arguing that delay damages its enterprise. It stated in its court docket submitting that Musk has supplied no assurance a trial could be accomplished in 5 days, as ordered by the decide, Kathaleen McCormick of the Delaware Courtroom of Chancery.
“Twitter sought that dedication as a result of it believes Musk’s goal stays to delay trial, render impracticable the Courtroom’s expedition order, and thus keep away from adjudication of his contractual obligations,” stated the Twitter submitting.
Attorneys for Musk, the world’s richest individual and chief government of electrical automobile maker Tesla, didn’t reply to requests for remark.
Twitter additionally dismissed Musk’s claims that the corporate was dragging its toes in responding to his calls for for paperwork. Twitter stated Musk is the one holding up the method by refusing to reply the corporate’s grievance, which it stated would make clear the problems and any counterclaims he could assert.
Shares of Twitter closed up 1.3% at $39.85 on Wednesday. Musk agreed to amass the corporate for $54.20 a share.