Billionaire Elon Musk suffered a major setback this afternoon after Delaware Court of Chancery Chancellor Kathaleen S. McCormick ruled that the trial over his purchase of Twitter will take place in October, much sooner than Musk had wanted:
BREAKING:
"Delaware Chancellor Agrees to Fast-Track Twitter’s Contract Fight with Elon Musk, as Tech Giant Accuses Billionaire of ‘Attempted Sabotage’"
Trial will be slated for this October, far sooner than Musk wanted.
Developing, @LawCrimeNews https://t.co/O4gJR8YlYl
— Adam Klasfeld (@KlasfeldReports) July 19, 2022
Twitter’s lawyers accused Musk of trying to “sabotage” the deal and that he “invented” the “bot issue” to “manufacture an exit ramp that doesn’t exist”:
Twitter's argument in short:
Elon Musk is trying to "sabotage" the company, takes every opportunity to "trash" us and "invented" the bot issue to manufacture an exit ramp that doesn't exist.
And he should be forced to buy and own us, just as the deal specified.
— Adam Klasfeld (@KlasfeldReports) July 19, 2022
Musk’s lawyers had argued the “schedule is completely unjustifiable”:
In the Delaware Court of Chancery, Quinn Emanuel's Andy Rossman, who is representing Elon Musk, addresses Twitter's proposed timetable:
"The schedule is completely unjustifiable."
— David Gura (@davidgura) July 19, 2022
Ouch. “Mr. Musk has made perfect clear he has no intention of keeping any of his promises”:
Arguing Twitter's lawsuit against Elon Musk should be expedited, Wachtel Lipton's William Savitt says, "Mr. Musk has made perfect clear he has no intention of keeping any of his promises."
— David Gura (@davidgura) July 19, 2022
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It’s expected to be only a 5-day trial:
BREAKING, in Twitter vs. Elon Musk:
Chancellor Kathaleen St. J. McCormick says, "I think we should go to trial in October of this year."
She expects it will be a five-day trial.
— David Gura (@davidgura) July 19, 2022
Musk had wanted to delay the trial until February 13, 2023:
REMINDER:
Twitter was asking for a trial to start on September 19th, 2022.
Elon Musk's counsel was asking for a trial to start on or after February 13, 2023.
— David Gura (@davidgura) July 19, 2022
But, too be quite honest, Musk doesn’t look to be sweating it very much. . .
Here is Ari Emmanuel hosing down Elon Musk aboard a boat called Zeus, for some reason. https://t.co/w9Mbmf5rGC pic.twitter.com/IoYMIHoSlj
— Ryan Mac 🙃 (@RMac18) July 18, 2022
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It appears that Elon Musk compared Donald Trump to Grandpa Simpson
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