Elon Musk doesn’t just want to run away from the Twitter deal but he wants to get out of it as soon as possible. The billionaire has reportedly requested the judge that will preside over the case to schedule a five-day trial by Oct. 17th rather than Oct. 10th as requested by Twitter.
The reason for the legal action in a bid to resolve Musk walking away from his initial US$44 billion deal to acquire the social media platform. According to Musk’s legal representative, he was writing to ask the judge to “break the impasse to allow things to move forward promptly.”
Twitter declined to comment.
The judge that’ll preside over the case is Chancellor Kathaleen McCormick, last week ordered an October trial which promises to be one of the biggest Wall Street legal fights in years.
However, the actual date was left open for both parties involved to figure out.
Although the Tesla CEO had initially requested a February trial which he said would provide the time he needed for a thorough investigation of fake accounts on Twitter which he claimed to have been the dealbreaker in the first place.
Musk said Twitter misrepresented its user numbers and therefore breached the merger agreement, making him walk away from the deal.
Twitter on the order hand requested a September trial and stated that the fake accounts issue was a distraction and deal terms require Musk to pay up.
Musk’s legal team asked the judge to order Twitter to immediately produce what it called “core documents”, as well as requiring Twitter to produce all raw data by Aug. 1st and require the company to also produce documents within 18 days of a request.
The world’s richest man accused Twitter of refusing to provide documents such as manuals and policies regarding daily active user calculation and artificial intelligence and “all times in the data room.”