Twitter's Lawsuit Against Elon Musk to Get First Hearing on July 19 at Delaware Chancery Court

Twitter has sued Musk in Delaware's Court of Chancery in an effort to force him to complete a $44 billion (roughly Rs. 3.5 lakh crore) takeover deal.

By Agencies | Updated: 15 July 2022 21:31 IST

Twitter's Lawsuit Against Elon Musk to Get First Hearing on July 19 at Delaware Chancery Court

Musk claims Twitter failed to provide adequate information about the bots

Highlights

Kathaleen McCormick set a 90-minute hearing beginning in Wilmington
McCormick took over the role of chancellor, or chief judge, last year
Musk pledged to pay $54.20 (roughly Rs. 4,000) a share for Twitter

A judge will hear arguments on Tuesday, July 19, for Twitter's request for a September trial in its lawsuit seeking to hold Elon Musk, the world's richest person, to his $44 billion (roughly Rs. 3.5 lakh crore) deal for the social media platform, according to a court filing.

Kathaleen McCormick, the chancellor of Delaware's Court of Chancery, set a 90-minute hearing beginning at 11am ET (8.30pm IST) in Wilmington.

As reported earlier, Twitter has sued Musk in Delaware's Court of Chancery in an effort to force him to complete a $44 billion takeover deal reached in April.

In other development, it was reported that the first female chief judge on Delaware's nationally known business court will oversee Twitter's lawsuit that seeks to hold Elon Musk to his agreement to buy the social media platform for $44 billion, according to court records.

McCormick took over the role of chancellor, or chief judge, last year after the retirement of Andre Bouchard on the Court of Chancery, a favoured venue for large corporate disputes.

Among McCormick's first decisions will be a request by Twitter to hold a four-day trial in September, an incredibly tight time frame for such a complicated case.

What is the lawsuit about?

Musk, the world's richest man, pledged to pay $54.20 (roughly Rs. 4,000) a share for Twitter but now wants to back out of the agreement. He claims the company has failed to provide adequate information about the number of fake, or “spam bot,” Twitter accounts, and that it has breached its obligations under the deal by firing top managers and laying off a significant number of employees.

Are affordable smartwatches worth it? We discuss this on Orbital, the Gadgets 360 podcast. Orbital is available on Spotify, Gaana, JioSaavn, Google Podcasts, Apple Podcasts, Amazon Music and wherever you get your podcasts.

Affiliate links may be automatically generated - see our ethics statement for details.

Comments

For the latest tech news and reviews, follow Gadgets 360 on X, Facebook, WhatsApp, Threads and Google News. For the latest videos on gadgets and tech, subscribe to our YouTube channel. If you want to know everything about top influencers, follow our in-house Who'sThat360 on Instagram and YouTube.