June 24, 2024

A US court has set a verdict in the Twitter lawsuit against Musk

2 min read
A US court has set a verdict in the Twitter lawsuit against Musk

The result will be favorable to the entrepreneur; The lawsuit comes after he backed out of a $44 billion purchase of the social network

Judge Kathleen St. J. McCormickfrom Delaware (America), ends this Friday (July 29, 2022). Twitter vs Elon Musk It will be held from October 17. The Great technology Sued He became a billionaire after canceling the purchase of the social network.

McCormick’s decision came after Musk’s lawyers said Twitter condition imposed October 10 is the date for the “no justification” hearing. Twitter said it did not object to the date set for October 17 as long as a full 5-day trial was guaranteed, as announced by the judge.

Remember the case

Acquired the platform for USD 44 billion Approved On April 25. However, Elon Musk declared He told Twitter on July 8 that he was withdrawing from the purchase of the social network “Violation of various provisions of the Agreement” Also the company did not provide details about fake accounts and spam on the social networking site.

For Twitter’s top management, the issue of fake accounts is nothing more than a distraction. The Great technology Musk must pay the agreed amount.

On July 12, Twitter I came in He sued Musk in the Delaware Court of Chancery in the United States to have the acquisition completed. At the time, Twitter accused the CEO of Tesla and SpaceX of assembling “A Public View to Play Twitter”.

“Musk apparently believes he is free to change his mind, destroy the company, cease operations, destroy shareholder value and exit — unlike all parties bound by Delaware contract law.”The process says.

Last Wednesday (July 27) businessman he asked The case related to the purchase of the social network will be decided on October 17, the US court told, contrary to its 1st request, the trial will start in February 2023. Twitter wants investigations to take place before October 10, 2022.

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