Musk Fires Back at Twitter’s ‘Warp Speed’ Trial Request

Musk Fires Back at Twitter’s ‘Warp Speed’ Trial Request
Tesla CEO Elon Musk arrives at Manhattan federal court for a hearing on his fraud settlement with the Securities and Exchange Commission (SEC) in New York on April 4, 2019. Brendan McDermid/Reuters
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
0:00

Elon Musk has fired back at Twitter’s request for an expedited trial in a lawsuit that seeks to force the Tesla CEO to follow through with his bid to buy the social media giant for $44 billion.

The tech billionaire’s legal team alleged in a July 15 filing (pdf) in a Delaware court that Twitter is engaged in an “unjustifiable request to rush” the trial. A ruling that’s unfavorable to Musk could legally require him to execute his pledge to buy Twitter for $54.20 per share, or about 36 percent above current market value.
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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