US judge sets October trial for Musk-Twitter takeover dispute
India Today
Elon Musk lost a fight to delay Twitter’s lawsuit against him over backing out of the $44 billion deal to buy the social media platform. The US judge has set an October trial.
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. “The longer the delay, the greater the risk.”
Twitter had asked for an expedited trial in September, while Musk’s team called for waiting until early next year because of the complexity of the case. McCormick said Musk’s team underestimated the Delaware court’s ability to “quickly process complex litigation.”
Twitter is trying to force the billionaire to make good on his April promise to buy the social media giant for $44 billion — and the company wants it to happen quickly because it says the ongoing dispute is harming its business.
Musk, the world’s richest man, pledged to pay $54.20 a share for Twitter, but now wants to back out of the agreement.
“It’s attempted sabotage. He’s doing his best to run Twitter down,” said attorney William Savitt, representing Twitter in Delaware’s Court of Chancery before the court’s Chancellor Kathaleen St. Jude McCormick. The hearing was held virtually after McCormick said she tested positive for COVID-19.
Musk has claimed the company has failed to provide adequate information about the number of fake, or “spam bot,” Twitter accounts, and that it has breached its obligations under the deal by firing top managers and laying off a significant number of employees.
Leon Panetta said Iran war was not an unexpected risk. He pointed out that for years, US security officials have known Iran could disrupt global oil supplies by blocking the Strait of Hormuz. According to him, this was a well-known danger, but one that appears to have been overlooked in the current conflict.
Sri Lanka raised fuel prices by about 25% for the second time in a week as the Gulf conflict disrupts global oil supplies via the Strait of Hormuz.
Iran has warned it is ready to respond. Parliament Speaker Mohammad Baqer Qalibaf warned that if Iran's infrastructure is targeted, then key facilities across the region could be "irreversibly destroyed."
Indian Railway staff's swift action turned a medical emergency involving a toddler into relief aboard a train from Bengaluru to Gujarat.
In a post on Truth Social, Donald Trump said ICE personnel would assist Transportation Security Administration (TSA) officers who have continued to work despite uncertainty over funding.
In the viral video, a bus driver named Harish is seen stopping his bus mid-route, not for a passenger, but for a group of hungry puppies waiting by the roadside.
An NRI's creative replica of the Statue of Liberty in Jalandhar sparks cultural interest and local pride.
In a city reshaped by war and displacement, survival in Beirut now rests on quiet acts of care. Each morning, strangers show up — not with answers, but with what little they can carry.
A pricing sheet inside an auto rickshaw has gone viral for being practical and running a good side hustle.
Kremlin said that Kyiv wants to keep the "questionable activities" of its citizens under wraps, after Ukraine issued a statement on the arrests of six Ukrainian citizens in India.
A version that came within minutes is now being questioned days later. As new evidence emerges from Bahrain, the gap between first claims and fresh findings is raising difficult questions.
The clip, shared by a user on X, captures a Lamborghini repeatedly doing donuts at a public junction under a flyover in Bengaluru, even as other vehicles pass by.
Tokyo has no immediate plans to seek arrangements to allow passage through the Strait of Hormuz for stranded Japanese vessels, Motegi said, adding it was "extremely important" to create conditions that allow all ships to navigate through the narrow waterway.