Elon Musk, Twitter square off in court over bid for a fast-track trial in $44 billion takeover spat

Twitter Inc began making its case on Tuesday for a September trial over its lawsuit seeking to hold Elon Musk to his $44 billion takeover, saying the uncertainty caused by Musk’s attempt to walk away was harming the company.

“The continued uncertainty inflicts harm to Twitter every hour of every day,” said William Savitt, an attorney for Twitter, at the hearing that was being conducted remotely after the judge, Chancellor Kathaleen McCormick, tested positive on Monday for Covid-19.

The San Francisco-based company is seeking to resolve months of uncertainty for its business as Musk tries to walk away from the deal over what he says are Twitter’s “spam” accounts that he says are fundamental to its value.