Twitter accepts the trial on October 17 but believes Musk may try to prolong it

Twitter (NYSE:TWTR) announced in a court filing on Wednesday that it does not oppose to Elon Musk's desire to commence a trial on Oct. 17 over Musk's effort to withdraw from his $44 billion takeover offer, but the social media company wants an assurance that the hearing would be finished in five days.

Musk has claimed that he needs time to perform a complete investigation into Twitter's alleged misrepresentation of bogus accounts, which he thinks breached their contract requirements.

He originally requested a February trial date, but on Tuesday, after a judge established that the procedure would begin in three months, he proposed a date of October 17.

Twitter has referred to the false accounts as a diversion and pushed for the Musk trial to begin as soon as possible, arguing that the delay is damaging to the firm. It noted in a court filing that Musk has offered no guarantee that the trial will be finished in five days, as required by Delaware Court of Chancery judge Kathaleen McCormick (NYSE:MKC) (NYSE:MKC).

"Twitter asked for this assurance because it considers Musk's objective remains to postpone trial, making the Court's expedition decision impossible, and thereby avoid adjudication of his contractual commitments," according to a petition by Twitter.

Musk is the richest person in the world and the CEO of electric vehicle maker Tesla (NASDAQ:TSLA) Inc. His attorneys did not react to requests for comment.

Twitter also denied Musk's accusations that the corporation was unduly delayed in responding to his document demands. Twitter alleged that Musk is prolonging the process by refusing to react to the company's complaint, which would clarify the issues and any counterclaims he may raise.

The closing price for Twitter shares on Wednesday jumped by 1.3% to $39.85. Musk has agreed to acquire the company for $54.20 per share.