In brief:
- Judge Kathaleen McCormick, who is handling the Twitter lawsuit against Elon Musk, has set an October hearing for the case.
- Elon Musk, through his lawyers, had sought to push the lawsuit to February 2023.
- Judge McCormick’s decision was made via Zoom as she had earlier been diagnosed with COVID.
Twitter’s board has won the first round against Elon Musk as Judge Kathaleen McCormick has given the go-ahead for the trial to begin this October. Exact dates are yet to be provided for the trial.
Twitter Had Wanted a September Hearing.
The social media company had earlier requested a September hearing for the Twitter lawsuit against Elon Musk, stating that it only needed four days to table its evidence against the Tesla CEO for breaching the $44 billion agreement to buy the company.
Twitter’s lawyers argued in today’s hearing that a September trial was in line with timelines for similar cases in the past. Furthermore, a speedy trial would ‘stop the ongoing harm Twitter has experienced from the uncertainty of the deal’s closure and alleged disparagement by Musk.’
An October hearing is the first win for Twitter which seeks a speedy trial in the Delaware Court.
Elon Musk Had Sought to Push the Trial to February.
Elon Musk’s defense team had sought to push the trial to February 13th, 2023. Mr. Musk’s lawyers were requesting time to gather more information on the disputed data regarding the number of fake accounts and bots on the social media platform.
Mr. Musk’s defense team reiterated their concerns about the fake account and bot data in today’s hearing, pointing out that a rushed timeline was too aggressive for a proper review of the massive back-end information from Twitter.
Judge McCormick Had Tested Positive for COVID and Moved the First Hearing to Zoom.
Judge McCormick’s decision to start the Twitter lawsuit against Elon Musk in October was made via Zoom instead of in person because the judge wanted to isolate this week after testing positive for COVID19.
Twitter (TWTR) Stock Value Jumps 4.5% On the News.
News of an October trial for Twitter’s lawsuit against Elon Musk has positively affected the price of TWTR shares in the market, causing a 4.5% increment in value.
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments