Twitter-Musk court battle to start on Oct 17

Story by  ATV | Posted by  Nakul Shivani • 1 Years ago
Elon Musk
Elon Musk

 

San Francisco

The US judge in the Twitter vs Elon Musk legal battle over cancellation of the $44 billion takeover deal has set October 17 as the beginning date of the high-profile trial.

Judge Kathaleen McCormick in the Delaware Court of Chancery has issued an official schedule, with the high-profile trial starting from October 17 till October 21.

The Parag Agrawal-led microblogging platform had pushed for proceedings to commence as early as possible.

Musk's team asked for a much longer timeline, hoping to start the trial early next year.

However, McCormick picked October and told the two sides to begin preparation.

If Elon Musk's legal team can prove that Twitter has misled its users from revealing the actual number of bots or spam accounts on its platform, than the company can be held liable for fraudulent disclosure in its filing with the US Securities and Exchange Commission.

The Tesla CEO terminated the $44 billion deal because he did not believe what Agrawal told him about the actual number of bots on the platform.

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The micro-blogging platform recently revealed that it is suspending more than 1 million spam accounts a day.