Court announces date for Twitter vs. Musk trial

Norge Nyheter Nyheter

Court announces date for Twitter vs. Musk trial
Norge Siste Nytt,Norge Overskrifter
  • 📰 dcexaminer
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 94%

Court announces date for Twitter vs. ElonMusk trial

The two parties are scheduled to meet in the Delaware Court of Chancery from Oct. 17 to Oct. 21, according to court documents released Friday. There, the two will have an expedited trial focused on whether the billionaire's termination of his agreement to acquire Twitter was justifiable.A judge ruled in favor of the expedited trial on July 19.

Musk terminated his agreement to acquire Twitter on July 8, alleging that Twitter had been deceptive about its number of spam bots. Twitter promptly responded by filing a lawsuit against Musk on July 12, hoping to force him to uphold the agreement. The two parties are scheduled to appear in October in the Delaware Court of Chancery.

If Twitter wins its court case against Musk, he will be forced to purchase its stock at $54.20 a share and turn the company private. If Musk succeeds, he will be released from his contractual obligations and will have to pay a $1 billion termination fee, as established in the agreement. A settlement is possible between the two parties but would require additional negotiations.

Vi har oppsummert denne nyheten slik at du kan lese den raskt. Er du interessert i nyhetene kan du lese hele teksten her. Les mer:

dcexaminer /  🏆 6. in US

Norge Siste Nytt, Norge Overskrifter

Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.

'Rage giving': Charities can get a boost from current events, such as controversial Supreme Court rulings'Rage giving': Charities can get a boost from current events, such as controversial Supreme Court rulingsWhen anger over everything from the killing of unarmed people of color to new restrictions on access to abortion bubbles over, many Americans act on it.
Les mer »

California Supreme Court chief justice won't seek a second 12-year termCalifornia Supreme Court chief justice won't seek a second 12-year termThe California Supreme Court's chief justice said that she will not seek a second 12-year term in November
Les mer »

House Democrats push bill that would term limit Supreme Court justicesHouse Democrats push bill that would term limit Supreme Court justicesA group of House Democrats proposed a bill Tuesday that would place 18-year term limits on Supreme Court justices, just a little over a month after the court reversed Roe v. Wade.
Les mer »

Trump Asks Court to Rule He Has ‘Absolute Immunity’Trump Asks Court to Rule He Has ‘Absolute Immunity’It comes after the Department of Justice expanded its investigation into the attempt to overturn the 2020 election results to include Trump.
Les mer »

California Supreme Court chief justice won't seek a second termCalifornia Supreme Court chief justice won't seek a second termThe California Supreme Court's chief justice said Wednesday that she will not seek a second 12-year term in November and will conclude her term of office January 1.
Les mer »



Render Time: 2025-03-15 16:49:41