December 4, 2022

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Twitter says Elon Musk's argument to delay trial 'failed on every level'

Twitter says Elon Musk’s argument to delay trial ‘failed on every level’

Twitter on Monday provided a response to Friday’s Elon Musk Response In the company’s lawsuit against the billionaire, saying that Musk’s request to postpone the trial “failed on every level.”

why does it matter: Tuesday’s hearing in Delaware Chancery Court will determine whether the trial goes ahead in September.

  • Twitter requested an urgent trial in a file lawsuit She filed against Musk last Tuesday.

details: In Monday’s filing, Twitter argued that Musk’s response does not argue that Twitter’s lawsuit meets the criteria for an expedition.

  • Citing historical legal precedents, Twitter argues that issues like those related to it lawsuit It is “routinely expedited” because it “fits easily into the criteria of an expedition.”
  • The filing said: “The only remaining condition – shareholder approval – is expected to be met before Twitter’s September trial requests. Regardless of the conclusions, Musk provides no reason to believe that the discovery should be so widespread that a trial should wait until Next year”.
  • Twitter also reiterated that Musk’s issue with the number of Twitter spam accounts “is a contractually unrelated sideshow that Musk wants to use to disparage Twitter and perpetuate this litigation.”
  • In its lawsuit against Musk last week, Twitter called Musk’s exit strategy for using the Twitter bot problem as a justification for withdrawing from his $44 billion deal a “model of hypocrisy,” saying that Musk initially said he wanted to buy the company to help fix. Spam issues.

The Big Picture: The filing represents the latest development in a chaotic legal battle between the tech giant and Musk, ahead of what is likely to be a more chaotic trial.

  • Musk initially offered to buy Twitter at $54.20 per share, above its trading price at the time and a larger premium today, in April.
  • As markets collapsed in the following weeks, Musk began backing out of the deal, claiming that the company had not disclosed enough information about the number of bots on its platform — an argument that legal experts say would not hold up in court.
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