Musk vs Twitter Trial to Proceed for Five Days Starting October 17

[Asia Economy New York=Special Correspondent Joselgina] The legal battle between Elon Musk, CEO of Tesla, and Twitter over the termination of the Twitter acquisition agreement will take place over five days starting October 17.

The Delaware Court of Chancery in the United States decided the trial schedule on the 29th (local time). Earlier, the court accepted Twitter's request to expedite the lawsuit schedule and notified both parties that the trial would be held in October.

CEO Musk agreed to acquire Twitter for $44 billion (57.5 trillion won) last April. However, on the 8th of this month, he declared the termination of the contract, citing concerns over the status of fake accounts on Twitter. In response, Twitter filed a lawsuit in the Delaware court demanding the specific performance of the acquisition agreement against CEO Musk.

The main issue in the lawsuit is whether the status of fake accounts constitutes grounds for contract termination. The court will decide whether CEO Musk must continue to perform the acquisition agreement or if he is allowed to withdraw.

This content was produced with the assistance of AI translation services.