The lawsuit between Twitter and Elon Musk will take place in October and will in principle last five days, as agreed by the commercial court responsible for the case on Tuesday, granting the social network’s fast track request. US media.

Wanting to force Musk to complete the acquisition of the company for the agreed $44,000 million, Twitter asked the Wilmington (Delaware, USA)-based Court to see the matter “as soon as possible”. This is given the damage it has suffered due to the slowdown in operation.

Meanwhile, the billionaire businessman wanted the case to begin in February 2023 at the earliest.

Twitter against Musk

In court documents, Musk’s legal team stressed that “the dispute over fake and ‘spam’ accounts is fundamental to Twitter’s value” and requested “significant time” for an investigation, considering it “unnecessary” to continue. “a stunning program”.

On the other hand, the company emphasized that the interests of Musk, who decided to cancel the Twitter, which he had agreed to in April, on the grounds that the platform deceived him and did not give him the right, were hurting every day by the maneuver of Musk. data. asking

First of all, he was referring to data on the number of fake accounts or “spam” (“bots”) found on the social network, which the company estimated at around 5% but believed to be much higher.

the king’s pretext

For many analysts, the bot issue is the excuse Musk is trying to pull back from an operation that seems increasingly devastating. Twitter is trading below $40, which is far from the $54.20 per share Musk agreed to pay, while shares of Tesla, the main asset of the businessman’s fortune, have fallen sharply this year.

In response, Twitter sued this court, which specializes in commercial disputes, in an attempt to force Musk to shut down the operation under agreed terms.

Today, Judge Kathaleen McCormick held the first hearing to address the timetable she leaned on arguments presented by Twitter, which called for a four-day trial to begin in September.

The process will take place in October and will initially take five days, according to McCormick’s judgment.