Musk files confidential countersuit against Twitter over $44 billion deal
Elon Musk countersued Twitter Inc (NYSE: TWTR), intensifying the legal fight against the social media platform over his bid to walk away from the $44 billion purchase
Elon Musk countersued Twitter Inc (NYSE: TWTR), intensifying the legal fight against the social media platform over his bid to walk away from the $44 billion purchase.
Musk’s legal team filed a confidential countersuit in a Delaware court on Friday, and the 164-page lawsuit is not yet available to the public. However, a version of it could be made public soon with sensitive details redacted.
The lawsuit from the billionaire came days after Delaware Court of Chancery Chancellor Kathaleen McCormick ordered a five-day trial beginning October 17 to determine if Musk can walk away from the deal.
Musk, the CEO of Tesla Inc (NASDAQ: TSLA), earlier last month said he was abandoning the takeover and blamed Twitter for breaching the agreement by misrepresenting the number of fake accounts on its platform.