The pressure is on for Elon Musk and his army of lawyers.
to agree to a new deal or the case will resume in a five-day trial in November.
Judge Kathaleen St. J. McCormick is unlikely to offer an extension and would favor a quick start for the trial if Musk misses the deadline, University of Michigan business law professor Erik Gordon told Insider. Ann Lipton, a business law professor at Tulane University Law School, told Insider that,"unless there's truly some new, intervening event that was entirely out of Musk's control that derails the deal, he'll probably have exhausted the court's supply of goodwill."
Anat Alon-Beck, assistant professor of law at Case Western Reserve University, said Musk would likely end up buying the company even if he can't complete the acquisition ahead of the deadline — after payingThings would get worse for Musk if he heads to court If the two parties don't reach an agreement before Friday, they could technically continue to negotiate even as litigation resumes and a trial date is scheduled."He knows that he has no way out of it and would like to avoid public humiliation," Alon-Beck told Insider.