June 17, 2024


The Joy of Technology

Elon Musk Twitter takeover trial date set, counterclaims filed



SAN FRANCISCO — The demo around Elon Musk’s Twitter takeover bid will take place starting Oct. 17 in Delaware Chancery Courtroom, a decide dominated Thursday evening, putting the world’s richest guy on a collision training course with the social media giant.

Twitter had pushed for an expedited timeline in the subject to avoid problems to the corporation, an order that was granted earlier this thirty day period.

Chancellor Kathaleen McCormick signed off on a trial schedule for the 7 days in mid-Oct, the court docket documents mentioned, as effectively as setting a deadline of Friday for Musk’s team to respond to Twitter’s complaint.

Choose grants Elon Musk an Oct court docket date, in early acquire for Twitter

Musk formally did so later in the day. The solution was submitted beneath seal, nevertheless, indicating the arguments have been not publicly obtainable. The private reaction consisted of counterclaims from Twitter and numbered more than 160 webpages, in accordance to a summary offered by a courtroom submitting procedure. Confidentiality can be permitted for specified classes of info, according to the courtroom, these as trade secrets and techniques, sensitive monetary or business information and facts, or personnel specifics, for instance.

Confidentiality really should be granted only “if the community fascination in access to Courtroom proceedings is outweighed by the damage that general public disclosure of delicate, nonpublic data would lead to,” the court policies say.

Courtroom guidelines specify that those creating a private submitting in Delaware should issue a general public edition inside of five times, however there are exceptions. The general public version would consist of redactions of the particular confidential info.

Twitter sued Musk before in July alleging that the Tesla and SpaceX CEO had damaged his agreement to acquire the social media web site for $44 billion, in a grievance that accused Musk of rule-breaking and “hypocrisy.”

Musk agreed to buy Twitter for $54.20 a share in April, positioning himself as a champion of free of charge speech and pledging to unbind the web page from aggressive moderation techniques he decried as political in mother nature. He also promised a considerable part of his have prosperity to back the offer.

Musk claims Twitter bid is on maintain

Musk also took purpose at spam bots, or faux or automatic accounts, which he pledged to defeat “or die trying” if his bid succeeded.

But his watch towards the offer soured months later on, as Musk tweeted the offer was “on hold” pending an analysis of the share of pretend accounts on the web site. The about turn coincided with investor concerns and economic strain that took a major toll on the Tesla stock, which is linked to a lot of Musk’s net worth.

That sparked a community struggle as Twitter sought to provide evidence for its estimation that spam and bot accounts manufactured up less than 5 % of accounts on the site.

Elon Musk data files to again out of Twitter deal

Musk announced on July 8 he was pulling out of the deal. Twitter submitted the fit a number of days later on, sending the matter to the Delaware court.

The demo is slated to take position around 5 days and conclude on Oct. 21.

Elizabeth Dwoskin contributed to this report.


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