The high-stakes court battle between Elon Musk and Twitter kicked off on Tuesday, as the social media firm tries to force the entrepreneur to honor their $44-billion buyout deal.
The first hearing was centering on Twitter's push to set a trial date for as early as September in a case focused on Musk's move to walk away on allegations the platform misled him about its tally of fake accounts.
Twitter lawyers noted the deal is supposed to close toward the end of October, just six months after Musk launched an unsolicited bid that the company's board first resisted but then supported. "The Chancery Court, which handles most of these matters, is very expert in corporate law, and more particularly, mergers and acquisitions. So this is the place to go," Tobias added.She also reportedly has the distinction of previously ordering a reluctant buyer into completing a corporate merger.
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