New Delhi: Elon Musk asked a judge to set a five-day trial starting Oct. 17, rather than Oct. 10 as requested by Twitter Inc., to resolve his attempt to break out of his $44 billion deal to acquire the Social media platform to refrain from a court filing on Tuesday.
An attorney for Musk, the world’s richest person, said he was writing to ask the judge to “break the deadlock so things move quickly.” (ALSO READ: Sensex, Nifty Slip Almost 1% on Losses in IT and Banking Stocks)
Twitter declined to comment. (ALSO READ: iPhone 12 Gets Massive Price Drop In Flipkart Big Saving Days Sale, Offer Details Here)
Chancellor Kathaleen McCormick, the chief justice of the Delaware Court of Chancery, last week ordered an October trial in what promises to be one of the biggest lawsuits on Wall Street in years. However, she left it up to the parties to work out the exact timetable.
Musk, the CEO of electric vehicle maker Tesla Inc., had requested a trial in February that would buy him the time he needs to thoroughly investigate fake accounts on Twitter. He said the company misrepresented its user numbers and therefore breached the merger agreement, which allowed it to walk away.
The company, which requested a court hearing in September, said the fake account issue was a distraction and the terms of service require Musk to pay.
Musk’s letter also asked the judge to order Twitter to provide so-called “core documents” immediately, require Twitter to provide all raw data by August 1, and require the company to provide documents within 18 days of a request.
Musk accused Twitter of refusing to immediately provide documents such as manuals and guidelines on active daily user computations and artificial intelligence and “everything in the data space.”