Elon Musk has lost his attempt to delay the Twitter trial until next year. Delaware Court of Chancery Judge Kathaleen McCormick scheduled a five-day trial for October, rejecting Musk's request for a trial in February 2023.
McCormick's ruling came far closer to Twitter's preferred timeline than to Musk's. Twitter, which is suing Musk to force him to complete their agreed-upon merger, was seeking a four-day trial in September 2022.
"The reality is delay threatens irreparable harm to the sellers," McCormick said today, as reported by Reuters. "Those concerns are on full display in the present case," she also said, according to The Wall Street Journal. "Typically, the longer the merger transaction remains in limbo, the larger the cloud of uncertainty cast over the company and the greater the risk of irreparable harm to the sellers."
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.