On Tuesday, the chancellor of the Delaware Court of Chancery ruled in favor of the company. There will be a trial in October.
The lawyer for the company argued that the request for a September trial was in line with previous requests. He said that a quick trial schedule is needed to stop the harm that has been done to the company by the uncertainty of the deal closing.
Musk tried to delay the trial by leaving little time for appeals before his debt commitments expired.
The expedited timelines were too aggressive for Musk's team to review the massive data trove at Twitter, which Musk wants to review to verify the percentage of fake accounts on the platform.
Rossman said that the company wanted to keep that number a secret and failed to give Musk the information he asked for.
Since nothing in the merger agreement turns on that question, it's not necessary to determine the percentage of spam accounts.
In July, Musk sent a letter to the chief legal officer of the micro-blogging site explaining why he didn't want it to go ahead. The lawyers alleged that Musk didn't send the information he needed to calculate the number of fraudulent accounts on his service.
The billionaire refused to honor his obligations to the company because the deal he signed no longer served his interests, according to the lawsuit.
The trial was supposed to start in September.
The court denied the request for a fast trial. According to a court filing, the billionaire and his lawyers want a court trial to take place next year.
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