Twitter v. Elon Musk: Judge orders trial in October, during first face-to-face legal meeting

Twitter v. Elon Musk: Judge orders trial in October, during first face-to-face legal meeting

The phone screen shows Elon Musk's Twitter account, with a picture of him in the background, on April 14, 2022, in Washington, USA.

The legal battle between Twitter and Elon Musk on Tuesday, July 19, began with a first hearing, a week after the platform launched legal actions against the Tesla and SpaceX chief. And a US judge had set the date for the start of the trial in October, for a period of five days, in response to the social networking site’s request for a speedy procedure.

The platform launched lawsuits last week against the head of Tesla and SpaceX to force him to honor his commitment to buy it for $44 billion. Twitter wanted quick action, starting in September, not to prolong the period of uncertainty that is partially crippling the company.

Judge Kathleen McCormick, President of the Delaware (Northeast) Business Law Court, acknowledged that “Delays run the risk of causing irreparable harm to Twitter”. She also stated that it was not certain that a compensation payment from Elon Musk would be enough to repair the damage he had done.

Read also: Twitter: Who are its users?

Elon Musk’s lawyers filed an appeal on Friday for not starting hostilities until next year. They assure that experts will have to analyze “Mountains of Data” To prove, the billionaire claims, that the platform is riddled with rogue accounts and spam, far exceeding the officially reported 5%. This is the reason why Elon Musk unilaterally terminated the agreement to control the social network that he considers “public place” necessary for “Democracy”.

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“This topic, which Musk says will require a complex review, is a fabricated problem, designed to complicate matters and cause delays.”William Savitt, a Twitter attorney, argued. “The merger agreement doesn’t even mention bots or spam.”he insisted. “We suspect that Mr. Musk will want to delay this trial long enough so that he will not be held accountable. (…) He knows that in such circumstances justice is delayed often justice is not served. That’s what he hopes.”confirmed.

Although she is going through a photo crisis after months of attacks and slander from her ex-fiancé, the platform is the favourite in this confrontation. Twitter is in good shape. Since filing the complaint, Wedbush Securities analyst Dan Ives noted. It seems that many investors who have read it have concluded that this confrontation with Game of thrones In the courts it will end with a victory for Twitter. » At the end of the day, around 8pm, Twitter activity had captured more than 3%, coming to $39.69.

Read also: This article is reserved for our subscribers “Only gullible people think that defending freedom of expression is the only motivation for Elon Musk to buy Twitter.”

by “Victoire”The expert is listening to a judge’s decision that will force Elon Musk to buy the company at the agreed-upon price at the end of April ($54.20 per share) or pay significant damages. The odds of him getting away with just $1 billion in severance payments, or being found in his own right, are very low.

The lawsuit can still be avoided

The litigation relies on the Delaware Chancery Court whose president, Kathleen McCormick – the first woman in the position – took the case. She’s a very serious judge, and neither side will intimidate her. (…) In the past, she was not kind to those who show ill will.Adam Badawy, University of Berkeley professor of law confirms.

In his complaint, Twitter accused Elon Musk of appearing “hypocrisy” Based on “Iman Si”. The company’s lawyers believe he changed his mind in the face of the recent drop in stock market valuations for technology companies.

Kathleen McCormick is notorious for forcing Kohlberg, the company that also tried to end an association, to buy the company in question, DecoPac. It seems that the fate of Bluebird, a social network used by politicians, celebrities, activists and influencers around the world, has little in common with the fate of lesser known organizations. The billionaire and the board of directors can still choose to agree on a slightly lower price and thus avoid a lawsuit.

The prospect of Elon Musk buying the social network, willingly or by force, since April has aroused a certain concern among many employees and users of Blue Bird, as well as on the part of human rights associations. , because the eccentric president intends to loosen safeguards against harassment and misinformation.

Read also: This article is reserved for our subscribers In his administration, Elon Musk has never acted like his peers at Big Tech.

The world with AFP

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