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  4. Musk requests to delay Twitter trial to November - court filing
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Musk requests to delay Twitter trial to November - court filing

(Reuters) -Elon Musk on Tuesday asked court permission to delay the Twitter Inc (NYSE:TWTR) trial by about a month to November, according to a court filing. Musk and Twitter...
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Musk requests to delay Twitter trial to November - court filing © Reuters. FILE PHOTO: Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019. REUTERS/Aly Song/File Photo

(Reuters) -Elon Musk on Tuesday asked court permission to delay the Twitter Inc (NYSE:TWTR) trial by about a month to November, according to a court filing.

Musk and Twitter have sued each other in Delaware state court and a five-day trial is scheduled to start Oct. 17.

Twitter wants the court to order Musk to close the deal for $54.20 per share, while Musk wants an order saying he can walk away without paying a $1 billion break-up fee alleging Twitter violated the deal contract.

Musk asked the judge to let both sides continue briefing their cases through Nov. 10, followed by a conference to discuss what evidence they can introduce at trial. He said a trial could begin later that month "subject to the court's availability".

Musk sued Twitter in July and accused the company of fraud for misleading him about the amount of spam on the platform in its securities filings. He also alleged Twitter breached the deal contract and violated the Texas Securities Act.

Earlier on Tuesday, a regulatory filing showed that Musk has sent an additional letter of deal termination to Twitter to include a recent whistleblower complaint from the former security head of the social media firm as another reason to scrap the deal.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

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-0.0008 (-0.07%)

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EUR/USD

1.0658

-0.0008 (-0.07%)

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GBP/USD

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-0.0015 (-0.12%)

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USD/JPY

157.91

+0.12 (+0.07%)

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0.6469

-0.0003 (-0.05%)

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168.32

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
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 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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