Court Shoots Down Elon Musk Request to Delay Twitter's Lawsuit Seeking to Force $44 Billion Sale

The Delaware Court of Chancery ruled in Twitter’s favor Tuesday in the social network’s legal fight with Elon Musk, setting an October 2022 trial date for the company’s case against the billionaire. Twitter last week filed suit against Musk, seeking to force the mega-billionaire complete his $44 billion buyout agreement. That came after Musk on July 8 told Twitter he wanted to nix the deal over his suspicions that Twitter has more spam and bot accounts than it acknowledges. In its lawsuit, Twitter alleged the spam/bot issue is a red herring — and that Musk is suffering from buyer’s remorse, because the deal has become more expensive for him personally given the drop in Tesla’s stock price. Twitter had asked the court for an expedited hearing, with a trial that would conclude before the end of September 2022. Musk’s legal team, in a filing last Friday, argued that the case should go to trial no sooner than Feb. 13, 2023. In her ruling Tuesday, Chancellor Kathaleen S. McCormick of the Delaware Court of Chancery set the case as a five-day trial that will occur in October, with the parties to work out the details. Twitter had argued the case should…
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