- Twitter stock ( NYSE: TWTR ) has jumped higher to a new level Tuesday at midday, +2.7% , as the judge in the Delaware Court of Chancery has begun pressing attorneys for Elon Musk on their argument against an expedited timetable in a legal battle over the on-then-off deal for Musk to buy the company for $44B.
- After roughly an hour of opening statements from both sides - with Twitter arguing for moving forward, saying the drama is hurting the company every day, and Musk's attorneys raising comparisons to earlier, slower cases - the judge interrupted Musk's side appearing to suggest that similar cases went quite quickly.
- Musk's attorneys have cited a February 2023 "drop-dead" date as a suitable endpoint for the legal action, while Twitter's side is arguing that the "bot issue" isn't at question before the court - the case's timetable is - and that Musk's foot-dragging is hurting the company minute by minute each day.
- Developing story ...
For further details see:
Twitter gains 3% as Delaware judge presses Musk's legal team