Elon Musk and Twitter trial will start on October 17th

“The past two years have been an absolute nightmare of supply chain disruptions, one thing at a time, and we are not out of it yet,” said Tesla CEO Elon Musk.

Patrick T. Fallon | Reuters

Elon Musk, the CEO of Twitter and Tesla, will go on trial starting October 17 in Delaware to dissolve Musk’s bid to void his takeover of the company unless a settlement is reached first.

The social media company is suing Musk, who is also the CEO of SpaceX, for withdrawing from a deal he first proposed in April to buy Twitter for roughly $44 billion at $54.20 per share.

The Delaware judge adjudicating the case, Chancellor Kathleen St. J. McCormick, has advised Twitter and Musk’s attorneys a number of strict deadlines to prepare for a potential trial. For example, Twitter and Musk need to submit initial discovery requests to third parties by August 1, and they must complete filings by September 29.

The judge also stressed in a lawsuit late Thursday that “the discovery should not be requested or withheld in an attempt to impose unreasonable demands on the opposing party or to extract unreasonable benefits from it.”

Twitter’s lawyers had previously expressed concern about Musk’s massive requests for information in court filings, noting that the billionaire was once considering starting a competing service.

In March, Musk wrote this in a series of Tweets: “Given that Twitter is a de facto public square for the city, failure to adhere to the principles of free speech fundamentally undermines democracy. What to do? Is a new platform needed?”

Musk, via his lawyer, has repeatedly accused Twitter of “resisting and thwarting” its right to obtain information about the number of bot and spam accounts on the platform.

Twitter plans to hold a shareholder meeting to vote on the acquisition on September 13.

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