Kathaleen McCormick, the chancellor of Delaware’s Court of Chancery is set to hear an argument on Twitter’s request to hold the trial in September in its lawsuit against Elon Musk, according to a court filing. The 90-minute hearing will take place on Tuesday, July 19, 2022 at 11 am Eastern Time in Wilmington, Delaware. 

Earlier this month, on July 10, 2022, the CEO of Tesla announced that he was pulling out of the $44 billion deal for the social media company, according to a court filing. 

Also Read: How is Twitter vs Elon Musk likely to play out?

When the SpaceX founder announced his intention to walk away from the Twitter deal, Bret Taylor, the chairman of the company’s board, announced their intention to sue. As it stands, a clause in the deal states that should the founder of Tesla walk away from the deal, he would have to pay a $1 billion separation fee. However, judging from the filings made by Twitter at the Delaware Court of Chancery, the social media company looks to be aiming at closing out the buyout completely. 

The reason, according to the SpaceX founder, was because Twitter had failed to provide transparency and information on the number of bots and fake accounts on the platform. Part of his deal with Twitter hinged on this disclosure. However, Twitter has insisted that they have provided all the data they have on the subject, to Musk and his team.

Also Read: Why is Elon Musk keen to walk away from Twitter deal?

Part of the reason that world’s richest man wanted to buy the company was a desire to loosen the content moderation rules on the platform. He has consistently described himself as a “free-speech absolutist” and has regularly tweeted his criticism of the platform’s banning of former US president Donald Trump. 

Also Read: Elon Musk ends Twitter deal: How the company’s employees reacted to Tesla CEO’s pull-out

When he had made the announcement, the SpaceX founder was seemingly willing to pay far more than the per-share price on the stock market for the social media company. The $44 billion deal was for a per-share price of $54.20, at the time the per-share price sat at $51.70. Currently, it sits at $37.55 at the time of publishing.