The Delaware Court of Chancellery has already expressed its decision: accelerated trial for the litigation involving Twitter and the billionaire Elon Musk, after the latter step backwards on the $ 44 billion acquisition of the company.
Twitter had filed a motion to speed up the timing and a request for the trial to be held in 4 days in September. Twitter’s social media attorney William Savit had highlighted how the continuing uncertainty that looms over the company “inflicts damage on Twitter every day, every hour and every day.” “Musk has been and remains contractually obliged to do his best to conclude this agreement,” said Savitt. What he is doing is the exact opposite; it is sabotage ». Musk’s legal team opposed it.
Twitter, which was already struggling to grow its user base and advertising activities prior to Musk’s entry, needed a quick resolution of the legal battle against Tesla’s patron in order to limit the uncertainty for its own. shareholders, employees and customers and any fallout for your business that could be exacerbated by costly and protracted litigation.