In September, the Delaware Chancery Court’s chief judge, the Honorable Kathaleen St. Jude McCormick, made a decision about Twitter’s request for a four-day trial. The trial will take place on October 17, 2022, according to the judge’s judgment. Musk’s attorneys, on the other hand, wanted the trial postponed until mid-February 2023.
Twitter should be satisfied with today’s decision given that their timeframe has only been stretched by one month, even if they were unable to persuade the judge to set the trial for September. The lawyers for Twitter had argued that the trial’s ongoing delay would only increase the impending ambiguity about the deal’s future and have an impact on Twitter’s future revenue.
Judge Mc Cormick appears to mainly concur with Twitter’s claim that the longer the transaction is pending, the higher the likelihood that the firm will suffer irreparable harm. The judge also observed that Musk’s attorneys appeared to have underestimated the court’s capacity to resolve this complex legal dispute fast.
According to Musk’s defense attorney Andrew Rossman, his client sought for a February trial date so that he would have time to check Twitter’s claim that less than 5% of its users are fraudulent or spam accounts. Given the prospect that the billionaire may be forced to acquire the business, he also said that Musk had more at stake than Twitter.