The Delaware Chancery Court will have to hear the dispute between Elon Musk and Twitter from October 17 to 21 in accordance with a very precise schedule released by the head of the jurisdiction Kathleen McCormick.
This procedure, initiated by the social network, found an immediate response in a second, initiated as a counterclaim by Tesla’s strong man a few hours later.
Elon Musk intended to settle this case from next year, but the social network took an emergency course at the beginning of the school year, which was chosen by the court.
A matter of principle, but not only…
For Twitter, the issue is primarily financial, as Elon Musk, in his own words, jeopardized his financial results for recent quarters, which justifies an emergency procedure.
Also in question are non-compliance with contractual obligations assumed by the CEO of Tesla and SpaceX, in particular with respect to certain confidentiality provisions, as well as allegations regarding an unfavorable personal financial situation since last fall with a loss of $ 100 billion personally.
On Musk’s part, the story is different, and hasn’t changed one iota with a desire to bet on a longer, more meaningful procedure, but on Twitter’s inconsistencies about fake accounts, higher than it looks.
However, this volume of fake accounts is critical, especially if we position ourselves on the side of monetizing and investing ad revenue in the near future.
So far, nothing is filtered at the level of requests formulated by one party or another.
Twitter is currently still in the $44 billion market pending its shareholder agreement due on September 13th.