Twitter Inc does not object to Elon Musk’s proposal to begin a trial on Oct. 17 over Musk’s bid to walk away from his $44 billion acquisition deal, but the social media company wants a commitment to finish the trial in five days, according to a court filing on Wednesday.
Musk has stated that he needs time to conduct a thorough investigation into what he claims is Twitter’s misrepresentation of fake accounts, which he claims violated their contract terms.
He had originally requested a February trial date, but on Tuesday proposed an Oct. 17 trial date after a judge ruled that the proceeding would begin in three months.
Twitter has called the fake accounts a distraction and has pushed for the trial to hold Musk accountable to the agreement to begin as soon as possible, claiming that any delay harms its business. It stated in a court filing that Musk has given no assurance that the trial will be completed in the five days ordered by the judge, Kathaleen McCormick of the Delaware Court of Chancery.
“Twitter sought that commitment because it believes Musk’s goal remains to delay trial, render the Court’s expedition order impracticable, and thus avoid adjudication of his contractual obligations,” according to the Twitter filing.
Musk’s attorneys did not respond to requests for comment. Musk is the world’s richest person and the CEO of electric car maker Tesla Inc.
Twitter also denied Musk’s claims that the company was taking too long to respond to his requests for documents. Twitter claims Musk is stalling the process by refusing to respond to the company’s complaint, which it claims will clarify the issues and any counterclaims he may make.
Twitter shares closed up 1.3 percent at $39.85 on Wednesday. Musk has agreed to buy the company for $54.20 per share.