Twitter, Elon Musk To Face Off In October: Here's What You Need To Know

Twitter, Elon Musk To Face Off In October: Here's What You Need To Know

A court date has been set for Twitter Inc TWTR to face off against Tesla Inc TSLA CEO Elon Musk after he backed out of buying the social media company.

The case of Twitter Inc v. Elon Musk is set to go to trial on Oct. 17, 2022, if the two parties don’t reach a settlement beforehand, according to CNBC.

The case comes after Musk backed out of an agreement made in April 2022, stating he would be purchasing the company for $44 billion.

Also Read: Elon Musk Wants Out Of Twitter Deal Due To Lack Of Information: $44B Buyout Off The Table

The trial will be in Delaware Chancery Court and will be presided over by Chancellor Kathaleen St. J. McCormick. 

Since being assigned the case, McCormick has reached out to both Twitter's and Musk’s lawyers to set a number of aggressive deadlines. An Aug. 1 deadline was set for both sides to serve initial discovery requests to third parties. In addition, McCormick asked that depositions be completed by Sept. 29.

McCormick emphasized on Thursday that “discovery should not be requested or withheld in an effort to inflict unreasonable demands on or extract unreasonable benefits from the opposing party.”

 


 

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