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Oct. 5, 2022, 3:18 p.m. EDT

Judge in Twitter lawsuit against Elon Musk says proceedings will continue

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By Jeremy C. Owens


A legal filing made public Wednesday in the court battle between Twitter Inc. and Tesla Inc. /zigman2/quotes/203558040/composite TSLA -0.34% Chief Executive Elon Musk shows that the judge expects the proceedings to continue despite a letter from Musk stating he intends to go through with his proposed $44 billion takeover of the social network if Twitter drops the lawsuit. Chancellor Kathaleen McCormick of the Delaware Chancery Court wrote in the filing that a stay has not been filed with the court, so she expects that plans, including a delayed deposition of Musk scheduled for Thursday, will proceed. After enjoying their second best daily percentage gain on record Tuesday, Twitter shares were down about 1% Wednesday with roughly an hour left to go in the session.

US : U.S.: Nasdaq
$ 173.44
-0.60 -0.34%
Volume: 97.62M
Dec. 8, 2022 4:00p
P/E Ratio
Dividend Yield
Market Cap
$549.58 billion
Rev. per Employee

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