Recently, Elon Musk's legal team sent a letter to the Delaware court, requesting a postponement of the trial of the lawsuit related to the $44 billion deal between the billionaire and Twitter until October 28.
However, judge Kathaleen McCormick decided not to postpone the trial until both sides reached a consensus.
The letter added: Twitter will not provide an answer. It is surprising that they persisted in continuing this lawsuit, recklessly putting the deal at risk and risking the interests of shareholders.
Conducting this trial is not only a great waste of resources but also weakens the ability of the parties to conduct transactions".
Elon Musk was scheduled to make a statement last week, but was delayed due to COVID-19. The court had scheduled him to give a statement on October 7, but sources said the billionaire was continuing to delay again.
Although Elon Musk's legal team is confident in the financial capacity to complete the deal, Reuters reported this week that two companies with potential investment in the deal, Apollo Global Management and Sixth Street Partners, are no longer negotiating with Tesla CEO.
Immediately afterwards, Twitter issued a counter-examination: The obstruction to terminate this lawsuit is not because Twitter is unwilling to agree to answer, but because the defendant still refuses to fulfill their contractual obligations. For many months, the defendant has pursued increasingly unreasonable statements and tried again and again to delay the trial.
The legal group Twitter also said that on the morning of October 7, a representative of one of the lending banks cited that Elon Musk had not sent a loan notice to conduct the deal as agreed.
