Twitter Trials: Musk to face legal onslaught from October

Updated : Aug 18, 2022 06:03
|
Gazal Malik

In the latest twist from the Twitter tales, a big win coming for the platform as they got court approval to fast-track the case against Elon Musk to make him complete the $44 billion buyout.

A set back for the Technoking at Tesla as his lawyers argued that the expedited timeline was far too aggressive as they will now face an expedited 5-day trial set to begin in October. 

Also read/watch| Extraordinary Attorney Woo: This new Korean Drama is lifting the stock exchange 

Twitter whose shares have fallen 22% since Musk backed out of the deal is trying to legally enforce the $44 billion buyout o the world's richest man. After three months of a very public display of crossfire with Twitter, Musk seemed to have buyers remorse as he cancelled his plans just as fast as he seemed to have decided on them. Musk pinned the blame on Twitter as his lawyers stated the site underreported the number of spam and fraud accounts on its messaging service and failed to send Musk information that could presumably help the executive better calculate those statistics.

TwitterElon Musk

Recommended For You

editorji | Business

RBI trims policy interest rate by 25bps to 5.25pc, loans to get cheaper

editorji | Business

Rupee slumps to all-time low of 90.25 against US dollar in intra-day trade

editorji | Business

Reliance completes merger of Star Television Productions with Jiostar

editorji | Business

India to lead emerging market growth with 7pc GDP rise in 2025: Moody’s

editorji | Business

Nifty hits record high after 14 months; Sensex nears all-time peak