Elon Musk is trying to back out of a $44 billion deal to buy Twitter — and a Delaware court will oversee the legal battle

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The battle for Twitter is playing out in Delaware. Twitter filed its lawsuit against Elon Musk in the Delaware Court of Chancery, centuries-old court that deals with corporate litigation.

There are more than 1.8 million companies registered in Delaware, with the First State adding more than 336,000 businesses entities to its ranks in 2021 alone,. To put that into perspective, the entire population of the state is about 990,000 people, per data from the 2020 U.S. Census.

The social media company wants the Court of Chancery to order Musk — as well as codefendants X Holdings I and X Holdings II, which are businesses he started in relation to his Twitter takeover — to carry out the deal he and Twitter agreed upon. And, makeup-wise, the court consists of one chancellor — essentially the chief judge — and six vice chancellors. All seven of them are nominated by the state’s governor, and confirmed by the state senate, after which they serve 12-year terms.That’s anybody’s guess. But, generally, the Delaware Court of Chancery is known in legal circles for being more expeditious than other courts, and in a follow-up filing, Twitter asked the court for a four-day trial starting on Sept. 19.

 

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