Syndication: Austin American-Statesman
Elon Musk lost a fight to delay Twitter’s lawsuit against him as a Delaware judge on Tuesday set an October trial, citing the “cloud of uncertainty” over the social media company after the billionaire backed out of a deal to buy it. “Delay threatens irreparable harm,” said Chancellor Kathaleen St. Jude McCormick, the head judge of Delaware’s Court of Chancery, which handles many high-profile business disputes. Twitter wants the billionaire to make good on his April promise to buy the social media giant for $44 billion. Musk, the world’s richest man, pledged to pay $54.20 a share for Twitter but now wants to back out of the agreement.
—Copyright 2022 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed
