Twitter War: Elon Musk Files Countersuit

Twitter War: Elon Musk Files Countersuit
Twitter War: Elon Musk Files Countersuit

Elon Musk has filed claims against Twitter as he fights the tech firm’s lawsuit demanding he be held to his $44bn purchase deal.

Musk mounted a legal defence against Twitter’s claim that he is contractually bound to complete the deal he inked in April, the Chancery Court in the state of Delaware said in a notice.

The Tesla boss wooed Twitter’s board with a $54.20 per-share offer. But on July 8, he announced he was “terminating” their agreement on accusations the firm misled him regarding its tally of fake and spam accounts.

Twitter sued days later, calling the fake account claims a distraction and saying Musk was bound by the merger contract to close the deal at $54.20 per share.

Musk’s 164-page counterclaim was submitted as “confidential,” but rules of the court require him to submit a public version of the filing with sensitive information redacted.

Chancery Court Chief Judge Kathaleen St J McCormick has ordered a five-day trial to begin on October 17, instead of two weeks in February next year as the billionaire requested.

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