A new step in the case between Twitter and Elon Musk. The Delaware Court of Chancery judge who will decide the billionaire’s failed takeover of the social network for $44 billion said that the appeal filed by the Tesla boss will be made public before August 5. However, the document could be published as early as Thursday, a source familiar with the situation said.
Kathleen McCormick made the decision after Twitter accused the SpaceX founder of wanting to release a 163-page document on Wednesday without giving him the opportunity to edit the company’s confidential information. The California company received a copy of the appeal on July 29 and indicated that it has five business days to revise the document, in accordance with the rules adopted by the court. Elon Musk thought that three working days would be enough.
The billionaire terminated the Twitter takeover agreement in early July, accusing the group of violating its contractual obligations by providing, in particular, erroneous or incomplete data on the number of fake accounts. Social media denied the allegations. Twitter chairman Bret Taylor said the board plans to take legal action to enforce the agreement. The trial for this aborted takeover will run from Oct. 17 to Oct. 21, a Delaware judge confirmed in a ruling released Friday, July 29.
(jointly with Reuters)