WILMINGTON, DELAWARE - Billionaire Elon Musk asked a judge to schedule a five-day trial beginning Oct 17, not Oct 10 as requested by Twitter Inc, to resolve his bid to walk away from his US$44 billion (S$61 billion) deal to acquire the social media platform, according to a court filing on Tuesday (July 26). A lawyer for Mr Musk, the...
WILMINGTON, DELAWARE - Billionaire Elon Musk asked a judge to schedule a five-day trial beginning Oct 17, not Oct 10 as requested by Twitter Inc, to resolve his bid to walk away from his US$44 billion deal to acquire the social media platform, according to a court filing on Tuesday .
A lawyer for Mr Musk, the world's richest person, said he was writing to ask the judge to "break the impasse to allow things to move forward promptly".Chancellor Kathaleen McCormick, the chief judge on Delaware's Court of Chancery, last week ordered an October trial, which promises to be one of the biggest Wall Street legal fights in years.
The company, which had requested a September trial, said the fake account issue was a distraction and deal terms require Mr Musk to pay up. The Musk letter also asked the judge to order Twitter to immediately produce what it called "core documents", require Twitter to produce all raw data by Aug 1 and require the company to produce documents within 18 days of a request.
Mr Musk accused Twitter of refusing to immediately provide documents such as manuals and policies regarding active daily user calculations and artificial intelligence and "all items in the data room".
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