Technology

Elon Musk seeks to block Twitter's request for expedited trial

Tesla CEO Elon Musk leaves Manhattan federal court after a hearing on his fraud settlement with the Securities and Exchange Commission (SEC) in New York City, U.S.

Tesla CEO Elon Musk leaves Manhattan federal court after a hearing on his fraud settlement with the Securities and Exchange Commission (SEC) in New York City, U.S. | Photo Credit: Brendan McDermid

Elon Musk filed a motion on Friday opposing Twitter Inc's request to fast-track a trial over his plan to terminate his $44 billion deal for the social media firm.

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Musk's lawyers, in papers filed with the Delaware Chancery Court, said Twitter's "unjustifiable request to rush this $44 billion merger case to trial in just two months" should be rejected.

The lawyers have requested for a trial date on or after Feb. 13 next year.

Twitter did not immediately respond to a request for comment.

Shares of Twitter were down about 1% in extended trading.


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Printable version | Sep 16, 2022 11:45:10 pm | https://www.thehindu.com/sci-tech/technology/elon-musk-seeks-to-block-twitters-request-for-expedited-trial/article65646933.ece