Following Tesla CEO Elon Musk’s move to abandon the $44 billion Twitter takeover, a judge has officially scheduled the first date of trial for October.
Musk and Twitter officially head to court on October 17, scheduled by Chancellor Kathaleen McCormick of Delaware’s Chancery Court, according to MarketWatch.
The trial will take place through October 21 supporting Twitter’s initial requests for an expedited trial in the fall and going against Musk’s proposals to begin the trial in February 2023.
Twitter attempted to sue Musk to force the deal to close, causing Musk to countersue after attempting to back out of the merger agreement.
Musk Lawyers Seek Trial in 2023, Says Twitter Has ‘Sense of Humor of a Bot’ https://t.co/4pLaW4Tg5o
— TeslaNorth.com (@RealTeslaNorth) July 15, 2022
Earlier this week, Musk’s lawyers said Twitter was making the pre-trial process impossible, despite his initial push to delay the trial.
Throughout the past few months, Musk has been outspoken about Twitter’s alleged failure to supply proper public disclosure on bot data — thought to be a primary reason for abandoning the deal.
Musk addressed Twitter staff for the first time in June, with the company marketing chief Leslie Berland moderating a Q&A session to address employee concerns.
Twitter is planning to move forward with the deal per the original terms, and the company even scheduled a shareholder vote on the matter for September 13.
