Elon Musk countersued Twitter on Friday — drawing out lengthy legal battles about his wavering acquisition of the social media platform.
The confidential 164-page filing was submitted to the Delaware Court of Chancery and claimed the Tesla CEO wasn’t contractually obligated to complete the $44 billion buyout deal he signed in April, according to AFP. The lawsuit was not immediately available to the public, but a transparent version with sensitive corporate data and information redacted may be available in the future.
Musk announced in April plans to buy Twitter with an offer of $54.20 per share, but in July he said he was “terminating” the agreement. Musk accused the social media company of withholding data regarding the number of fake bot accounts allegedly on the platform.
Twitter’s lawsuit to force Musk to complete the agreed-upon acquisition was filed in mid-July and began with a claim that “Musk refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests.”
More at https://www.huffpost.com/entry/elon-musk-twitter-countersuit_n_62e54957e4b0c60a5668b06a
