Elon Musk’s lawyers say Twitter Inc. officials are unfairly pushing for a “warp speed” trial over claims the billionaire improperly canceled his proposed $44 billion buyout of the social media company, and asked that the case be heard next year instead.
Musk’s legal team on Friday rebuffed Twitter’s argument that the case over the teetering transaction can be wrapped up in a four-day trial starting in September in Delaware Chancery Court, saying it will require “forensic review and analysis of large swaths of data” about Musk’s claims that Twitter’s customer base is riddled with spam and robot accounts.
Until now, Musk hadn’t responded in court to Twitter’s allegations that he’s using the bots issue as a pretext to walk away from the $54.20-per-share bid he made for the company in April. The Tesla chief executive backed out of the deal July 8, saying in a regulatory filing that Twitter had made “misleading representations” over the number of spam bots on the service.
“The core dispute over false and spam accounts is fundamental to Twitter’s value,” Musk’s lawyers wrote. “It is also extremely fact and expert intensive, requiring substantial time” for pretrial exchanges of information.“With the sense of humor of a bot, Twitter claims Musk is damaging the company with tweets like a Chuck Norris theme and a poop emoji,” the lawyers wrote. “Twitter ignores that Musk is its second largest shareholder with a far greater economic stake than the entire Twitter board.
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