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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

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

By Arghyadeep Dutta
Published - Aug 01, 2022, 12:57 PM ET
Last Updated - Jun 24, 2024, 02:29 AM EDT

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.

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