WILMINGTON, Del. Twitter Inc.will not object to a proposal by Elon Musk to start out an Oct. 17 trial over Musks bid to leave from his $44 billion acquisition deal, however the social media marketing company wants dedication to perform the trial in five days, Twitter said in a court filing on Wednesday.
Musk has said he needs time and energy to complete an intensive investigation of what he says is Twitters misrepresentation of fake accounts, which he said breached their deal terms.
He originally sought a February trial, but on Tuesday proposed an Oct. 17 trial following a judge ruled the proceeding was to start out in 90 days.
Twitter has called the fake accounts a distraction and pushed for the trial to carry Musk to the offer to start as quickly as possible, arguing that delay damages its business. It said in its court filing that Musk has offered no assurance an effort will be completed in five days, as ordered by the judge, Kathaleen McCormick of the Delaware Court of Chancery.
Twitter sought that commitment since it believes Musks objective remains to delay trial, render impracticable the Courts expedition order, and therefore avoid adjudication of his contractual obligations, said the Twitter filing.
Attorneys for Musk, the worlds richest person and leader of electric car maker Tesla Inc, didn’t react to requests for comment.
Twitter also dismissed Musks claims that the business was dragging its feet in giving an answer to his demands for documents. Twitter said Musk may be the one supporting the procedure by refusing to answer the companys complaint, which it said would clarify the problems and any counterclaims he might assert.
Shares of Twitter closed up 1.3% at $39.85 on Wednesday. Musk decided to find the company for $54.20 a share.