Twitter accuses Elon Musk of dragging his feet in their litigation

Twitter accuses Elon Musk of dragging his feet in their litigation

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Reuters

on 07.19.2022 at 07:29

Reading 1 min.

Twitter on Monday accused Elon Musk of “dragging his feet” to slow down the process the company launched to coerce the businessman into finalizing his $44 billion takeover, asking for a trial in September to preserve terms. of the agreement. /File photo/REUTERS/Dado Ruvic


DADO RUVIC

WILMINGTON, Delaware (Reuters) – Twitter on Monday accused Elon Musk of “dragging his feet” to slow down proceedings the company launched to coerce the businessman into completing his $44 billion takeover, calling for a trial in September to preserve the terms of the deal, according to a court document.

The American social network accuses the billionaire of having created a “cloud of doubt” impacting the trading of millions of shares on the stock market. “Never has a listed company of this size had to face such uncertainties,” the document reads.

Elon Musk has filed a request for the trial to be held in February, and not in September as Twitter wishes in the context of an accelerated procedure.

(Report Tom Hals; French version Jean Terzian)

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