Lawsuit between Elon Musk and Twitter adjourned

The takeover of Twitter experienced a new twist on Thursday, October 6. The judge, Kathaleen McCormick, in charge of litigation between the social network and Elon Musk adjourned the trial. She also gave until October 28 for the two parties to agree and finalize the takeover of the company. Earlier today, lawyers by Elon Musk had demanded that the proceedings against their client be interrupted. The latter said they were confident that the takeover would be finalized before October 28. Twitter Lawyers opposed the adjournment of the trial.

The boss of Tesla had made an offer to buy the social network for $44 billion, in April. He then backtracked. After that, Twitter had launched legal proceedings against the billionaire. Elon Musk had renewed its initial offer on Monday 3 October. The adjournment decision surprised many observers since the delaware lawwhere this type of conflict is usually settled, promotes compliance with contracts.

The expert Ann Lipton, a law professor at Tulane University, believes that Elon Musk “scores a point”. She then explains that the billionaire “clearly wanted to delay the procedure and avoid his testimony”. Despite the adjournment, Twitter refuses to drop legal action against Elon Musk. The fear that the boss of Tesla does not respect his commitments related to the financing of the takeover worries Twitter and explains the continued prosecution.

Lawyers for Twitter reacted by saying that the billionaire “did not respect his obligation to do everything possible to complete the transactionThey added: “For months, (the opposing party) has advanced increasingly implausible accusations to delay the trial (…), accusations which appeared to be unfounded”.

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