Twitter, Musk square off in court over bid for a fast-track trialTwitter Inc’s showdown with Elon Musk over his $44 billion takeover faces its first test on Tuesday when a judge will weigh the company’s bid for a fast-tracked trial which it says it needs to ensure deal financing doesn’t come unravelled. Twitter wants an expedited trial in September because it said Musk is smearing Twitter and undermining operations by refusing to approve business initiatives, such as an employee retention plan. The company said adopting Musk’s “slow walk” proposal for a 2023 trial leaves little time for additional litigation over deal financing if Musk is ordered to close. The deal financing expires in April. Musk on Friday accused Twitter of seeking a “warp speed” trial to “railroad” him into buying the company.

Source: Nigerian Tribune July 20, 2022 00:47 UTC