Twitter Inc’s claim trying to hold Elon Musk to his $44 billion takeover will go to trial in October, a Delaware judge controlled on Tuesday, embracing a timetable nearer to the proposal by the social-media company.
Twitter and Musk spread out contending proposals for the trial date in court on Tuesday, with Musk pushing for a trial in February.
Chancellor Kathaleen McCormick of the Court of Chancery in Delaware said the gatherings were equipped for dealing with a sped-up trial and as a public organization Twitter had the right to have the cloud looming over it settled rapidly.
“The reality is delay threatens irreparable harm to the sellers,” the court expressed, alluding to Twitter. Chancellor Kathaleen requested that the gatherings resolve the timetable for the trial, which she set at five days.
Musk asked a fourteen-day trial in February and Twitter requested a four-day trial in late September.