Billionaire tech mogul Elon Musk has fired back at Twitter’s request for an expedited trial in a lawsuit that seeks to force the Tesla CEO to follow through with his bid to buy the social media giant for $44 billion.
Musk’s legal team alleged in a July 15 filing (pdf) in a Delaware court that Twitter was engaged in an “unjustifiable request to rush” the trial. A ruling that’s unfavorable to Musk could legally require him to execute on his pledge to buy Twitter for $54.20 per share, or around 36 percent above current market value.
“Twitter’s sudden request for warp speed after two months of foot-dragging and obfuscation is its latest tactic to shroud the truth about spam accounts long enough to railroad Defendants into closing,” Musk’s lawyers wrote in the filing, opposing Twitter’s motion for an expedited four-day trial in September….
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