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

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


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

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

Delaware:

A Delaware choose 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 response to a courtroom submitting made public on Friday.

Musk, the world’s richest individual and chief govt of Telsa Inc, additionally should file any counterclaims by 5 pm ET on Friday, in response to the order signed Thursday by Chancellor Kathaleen McCormick of the Delaware Court docket of Chancery.

Musk’s legal professionals have mentioned he would possibly file counterclaims, primarily his personal lawsuit in opposition to Twitter, by which he might search monetary damages for the disputed deal.

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

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

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



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