News That Matters

Tag: twitter shares

Twitter, Elon Musk lawsuit set for Oct. 17 court date – National
Global News

Twitter, Elon Musk lawsuit set for Oct. 17 court date – National

A Delaware judge ordered a five-day trial to run Oct. 17-21 in Twitter Inc‘s lawsuit seeking to hold Elon Musk to his US$44 billion deal for the social media platform, according to a court filing made public on Friday. Musk, the world’s richest person and chief executive of Telsa Inc, also must file any counterclaims by 5 pm ET on Friday, according to the order signed Thursday by Chancellor Kathaleen McCormick of the Delaware Court of Chancery. Read more: Twitter blames Elon Musk, weak ad market for earnings shortfall Musk’s lawyers have said he might file counterclaims, essentially his own lawsuit against Twitter, in which he could seek financial damages for the disputed deal. Trending Stories ...