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A judge set a hearing for Twitter Inc’s (NYSE: TWTR) proceedings on July 19 as the social media company requested a fast-track trial for its lawsuit against Tesla Inc (NASDAQ: TSLA) CEO Elon Musk.
Delaware Chancery Court Chief Judge Kathaleen Jude McCormick said in a letter Thursday that Twitter’s call for an “expedition” of its case over the transaction will be heard in a Wilmington courtroom.
Twitter alleged that Musk wrongfully canceled his proposed $44 billion buyout of the social media platform.
Lawyers for the San Francisco-based Twitter said they need only four days to prove that the world’s richest person should be forced to honor his agreement and pay $54.20 a share for Twitter, Bloomberg reported.
The company hopes to start the non-jury trial on September 19.
Musk hasn’t responded in court to Twitter’s arguments.
The case is Twitter v. Musk, 22-0613, Delaware Chancery Court (Wilmington).
US Securities and Exchange Commission (SEC) has asked Elon Musk for more information on his tweet, where he wrote the deal “cannot move forward.”
Picture Credit: Engadget
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