Twitter’s Lawsuit Against Elon Musk To Be Heard On October 17

Elon Musk stated he was strolling away from the deal on July 8. (Representational)


A Delaware decide ordered a five-day trial to run October 17-21 in Twitter Inc’s lawsuit in search of to carry Elon Musk to his $44 billion deal for the social media platform, in line with a courtroom submitting made public on Friday.

Musk, the world’s richest particular person and chief government of Telsa Inc, additionally should file any counterclaims by 5 pm ET on Friday, in line with the order signed Thursday by Chancellor Kathaleen McCormick of the Delaware Court of Chancery.

Musk’s legal professionals have stated he would possibly file counterclaims, primarily his personal lawsuit towards Twitter, wherein he may search monetary damages for the disputed deal.

Musk stated he was strolling away from the deal on July 8, blaming Twitter for breaching the merger settlement by misrepresenting the variety of faux accounts on the platform.

Twitter sued days later, calling the faux account claims a distraction and saying Musk is sure by the merger contract to shut the deal at $54.20 per share.

(Except for the headline, this story has not been edited by NDTV employees and is revealed from a syndicated feed.)

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