Elon Musk asks to delay Twitter lawsuit for a month

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Elon Musk has alleged that Twitter breached the contract. (Representative)

United States:

Elon Musk on Tuesday asked the court for permission to delay Twitter Inc’s trial by about a month until November, according to a court filing.

Elon Musk and Twitter have sued in Delaware state court and a five-day trial is set to begin on October 17.

Twitter wants court to order Elon Musk to close the deal for $54.20 a share, while Elon Musk wants an order saying he can walk away without paying a $1 billion break fee alleging that Twitter breached the contract of the agreement.

Elon Musk asked the judge to let both sides continue briefing their cases until November 10, followed by a conference to discuss what evidence they can present at trial. He said a trial could start later in the month “subject to court availability”.

Elon Musk sued Twitter in July and accused the company of fraud for misleading him about the amount of spam on the platform in its securities filings. He also alleged that Twitter breached the sales agreement and violated the Texas Securities Act.

Earlier on Tuesday, a regulatory filing showed that Elon Musk sent an additional termination letter to Twitter to include a recent whistleblower complaint from the social media company’s former chief security officer as another reason. to cancel the agreement.

(Except for the title, this story has not been edited by NDTV staff and is published from a syndicated feed.)

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