Elon Musk seeks to block Twitter request for expedited trial

07/15 23:54

Elon Musk filed a motion on Friday opposing Twitter Inc's (TWTR.N) request to fast-track a trial over his plan to terminate his $44 billion deal for the social media firm. Musk's lawyers, in papers filed with the Delaware Chancery Court, said Twitter's "unjustifiable request" to rush the merger case to trial in two months should be rejected. "Twitter's sudden request for warp speed after two months of foot-dragging and obfuscation is its latest tactic to shroud the truth about spam accounts long enough to railroad defendants into closing," Musk's filing said. The debt financing package committed by banks for Musk’s acquisition expires in April 2023. That means if the trial began in February and did not finish by April, the deal could collapse.
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