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Twitter’s lawsuit seeking Elon Musk’s $44 billion buyout deal will go to court in October after a Delaware judge ruled today that the social network deserves a quick resolution to the dispute to remove uncertainty over the deal’s validity.
The decision is a blow to Musk, who sought a trial in February to reveal the exact number of fake profiles on the platform. Twitter requested that the trial be held in September.
Judge Kathaleen McCormick in Delaware said both sides were entitled to a speedy trial and asked them to agree to a trial schedule, which she set for five days.
“The fact is that a delay can cause irreparable harm to sellers,” she said, referring to Twitter.
Twitter filed a lawsuit against tech billionaire Musk last week in an attempt to force him to complete a buyout of the company at a price of $54.20 per share, amounting to $44 billion.
Musk previously announced he was pulling out of the deal to buy Twitter, citing unproven claims that there were far more fake accounts than the 5 percent the company claimed.
Musk’s lawyers argued that Twitter failed to fulfill its obligations under the terms of the contract to provide Musk with the data needed to verify the figures.
Twitter denied the claim, calling Musk’s withdrawal “invalid and wrong.”
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