A Delaware judge has set Tuesday, October, as the date for hearing a lawsuit brought by Twitter to prevent Elon Musk from withdrawing a $44 billion takeover bid.
Twitter and Musk put forward several proposals for when the lawsuit will be considered in court today, Tuesday, and Musk has been pressing for the trial to take place in February 2023.
In its lawsuit, the company demands that the richest man in the world be bound by the agreement it reached with him to buy its social networking platform for the agreed amount.
Twitter shares have fallen from more than $50 per share when the deal was announced last April to less than $33 per share last week. Twitter’s stock closed on Monday at $38.41.
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