JAKARTA – Tuesday, July 19, a Delaware court finally ruled that Twitter's lawsuit against Elon Musk for trying to withdraw from the company's acquisition will be held in October. It's a win for Twitter, which asked for a shorter timeframe than Musk wanted, February 2023.
Musk agreed to buy Twitter for $44 billion last April but later appeared to disagree with the deal. Despite having given up his ability to conduct "due diligence", or research on the company to be acquired, he claims that Twitter has too many bots.
He then tries to terminate the agreement. In response, Twitter sued to hold it against the purchase.
During an oral argument before Chancellor Kathaleen McCormick's judge, Twitter claimed that Musk's bot argument was a bad faith attempt to back out of the deal due to a case of acute buyer remorse.
Twitter originally wanted the trial to be scheduled for September. But Musk asked for February. The trial will last five days, longer than Twitter requested but shorter than Musk's. The exact date has not yet been scheduled.
Report from The Verge, Di
court, Twitter lawyers said Musk's behavior was "unforgivable." Musk has put in place an employee retention plan, and engaged in "unnecessary destruction of value."
In response, Musk's lawyers suggested that Twitter provide Musk with bot data. Both teams agreed that Musk's team had run millions of queries on the Twitter firehose, a feed of real-time Tweets as they were sent. Musk's lawyers also indicated The New York Times got a copy of Twitter's lawsuit before they did.
After a 10-minute break, McCormick said the delay threatened irreparable damage to Twitter. Although the October court date was a quick turnaround, McCormick indicated he was confident a team of attorneys would rise to the occasion.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
