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Browse: Home / 2022 / July / 13 / Twitter Seeks Quick Trial in Suit Against Elon Musk for Dropping Takeover – Bloomberg

Twitter Seeks Quick Trial in Suit Against Elon Musk for Dropping Takeover – Bloomberg

By Securities Docket on July 13, 2022, 9:30 am

Twitter Inc. wants a lightning-quick trial to resolve its claim that billionaire Elon Musk wrongfully canceled his proposed $44 billion buyout of the social-media platform.

Lawyers for the San Francisco-based company say they need only four days in Delaware Chancery Court to prove that the world’s richest man should be forced to honor his agreement and pay $54.20 a share for Twitter. The company hopes to start the non-jury case on Sept. 19.

Source: Twitter Seeks Quick Trial in Suit Against Elon Musk for Dropping Takeover – Bloomberg

Posted in Industry, Top | Tagged Twitter

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