“Defendants’ ability to terminate the agreement before the presumptive drop-dead date of Oct. 24, 2022 is extremely limited and carefully circumscribed,” Twitter said in its lawsuit that you can find ທີ່ນີ້ . “There is no right for defendants to terminate unless there is a breach sufficiently significant to cause failure of a closing condition, which, after due notice, is either incapable of being cured or is not cured within 30 days after such notice.”
“Twitter has suffered and will continue to suffer irreparable harm as a result of defendants’ breaches,” the platform alleged.
Musk Wants the Trial to Start in 2023 Musk didn’t respond right away. The billionaire let a few days pass and has just gone on the counterattack. In their response to Twitter’s complaint, Musk’s attorneys are asking that the trial not be held until Feb. 13, 2023 at the earliest.
“Plaintiff’s proposed schedule would severely prejudice defendants by depriving them of a meaningful opportunity to take discovery, conduct expert analysis, and present their case,” lawyers of the billionaire wrote in their motion that you can read in its entirety ທີ່ນີ້ .
“The only relevant date is the outside date for the debt financing, April 25, 2023. Accordingly, defendants respectfully request trial on or after February 13, 2023, an extremely rapid schedule for a case of this enormous magnitude that provides the court time for reasoned adjudication before the true outside date,” they argued.
In his letter withdrawing his proposed acquisition of Twitter, Musk accused the management of the social network of having lied about the number of spam bots or fake accounts present on the platform. Twitter has always estimated that fake accounts represent less than 5% of its users. Musk estimates that figure to be at least 20%.
“The core dispute over false and spam accounts is fundamental to Twitter’s value. It is also extremely fact and expert intensive, requiring substantial time for discovery. Twitter is a social media platform whose self-professed key performance metric is monetizable daily active users (“mDAU”),” Musk’s team said in their 16-page motion filed on July 15.
ພວກເຂົາໄດ້ສືບຕໍ່:
“Extreme expedition is also unwarranted because any exigency stems from plaintiff’s strategic delay,” the billionaire’s team said. “Had Twitter either promptly complied with its contractual obligations or informed defendants that it would not, this dispute would have ripened in early May.”
“Plaintiff’s attempt to impose “the burdens of expedited proceedings upon the defendants and the court cannot be reconciled with [its] failure to proceed with alacrity.”
A hearing is scheduled before a judge on July 19. This hearing will decide when the trial will be held.
On a more relaxed note, the mogul feels that Twitter lacks humor.
“With the sense of humor of a bot, Twitter claims that Musk is damaging the company with tweets like a Chuck Norris meme and a poop emoji. Twitter ignores that Musk is its second largest shareholder with a far greater economic stake than the entire Twitter board,” Musk’s lawyers said.