Twitter-Musk takeover dispute heading for an October trial in Delaware

A Delaware decide has set an October trial date within the combat between social media large Twitter and Elon Musk, dealing a blow to the world’s wealthiest individual.

Twitter sued its largest particular person investor final week for pulling out of the much-ballyhooed deal Musk proposed in April to purchase the corporate for $44 billion.

Musk needed to attend till February for a proposed ten-day trial to begin in Delaware’s nationally outstanding Chancery Court docket, which handles company disputes. Twitter had sought to have a four-day trial that might start the second week of September – in simply two months.

That dispute arrange the primary listening to within the case Tuesday, with the events, every represented by a group of legal professionals, battling over Zoom about when the case ought to be heard and the way lengthy it ought to take.

The listening to was held nearly as an alternative of in individual as a result of Chancellor Kathaleen St. Jude McCormick has COVID-19. Reporters have been permitted on a telephone line.

Twitter legal professional William Savitt mentioned Musk’s makes an attempt to delay the trial whereas he continues to trash the corporate publicly “inflicts hurt on Twitter day by day, each hour of day by day.”

A few of his criticism has come on Twitter itself.