A chancellor for the Delaware Court of Chancery denied Tesla CEO Elon Musk’s attempt to delay a trial over his acquisition of Twitter on Wednesday, according to court documents.
Chancellor Kathaleen S. McCormick determined the delay could further harm the social media platform, even if it was only pushed back by a month. However, McCormick did allow claims from a whistleblower to be used in the trial, a win for Musk.
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“I previously rejected Defendants’ arguments in response to Twitter’s motion to expedite, making clear that the longer the delay until trial, the greater the risk of irreparable harm to Twitter,” McCormick wrote, according to CNBC. “I am convinced that even four weeks’ delay would risk further harm to Twitter too great to justify.”
The whistleblower report came from the former head of security for the social media giant. Peiter “Mudge” Zatko claimed there were major security failings by the company, which would show Twitter breached its terms of the merger agreement if determined true. However, Twitter CEO Parag Agrawal told employees in a memo that the accusations were “a false narrative that is riddled with inconsistencies and inaccuracies, and presented without important context.”
Musk’s attempt to vacate his offer to purchase the company came after he claimed the social media giant had not properly disclosed how many of its users were monetizable instead of bots.
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The trial is expected to begin Oct. 17, one month earlier than the mid-November date Musk’s team petitioned for, the outlet reported.
“We look forward to presenting our case in Court beginning on October 17th and intend to close the transaction on the price and terms agreed upon with Mr. Musk,” a Twitter spokesperson said.
