The Honorable Kathaleen St. Jude McCormick, the chief judge at Delaware Chancery Court, ruled on Twitter’s request for a four-day trial in September. In the ruling, the judge confirmed October 17, 2022, as the date for the trial. In contrast, Musk’s lawyers wanted the trial to be pushed to mid-February, 2023.
While Twitter could not convince the judge for a September trial, they should be reasonably happy with today’s ruling, given that their timeline has only been extended by a month. Twitter’s lawyers had argued that the delay in the trial would only add to the looming uncertainty over the future of the deal and would affect Twitter’s future revenues.
Judge Mc Cormick seems to largely agree with Twitter’s argument that the longer the transaction remains in limbo, the greater the chance of irreparable damage to the company. The judge also noted that Musk’s lawyers seemed to have underestimated the court’s ability to quickly process this complicated legal tussle.
In his defense, Musk’s lawyer Andrew Rossman argued that his client pushed for a February trial to have enough time to verify Twitter’s claim about less than 5% of its users being fake or spam accounts. He also asserted that Musk had more at stake than Twitter, given the possibility that the billionaire may be forced to buy the company.
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