A legal filing made public Wednesday in the court battle between Twitter Inc.
TWTR,
and Tesla Inc.
TSLA,
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.
