Musk Twitter saga reportedly takes new turn with countersuit
is planning to file a counter-lawsuit against Twitter soon to ditch the $44 billion agreement to buy the social media giant, according to a new report Monday. that the countersuit was intended to push a Delaware Court of Chancery judge to grant Musk’s legal team more time to gather information about bots on Twitter – the primary reason Musk gave for reneging on the deal.
Musk pledged in April to pay $54.20 a share for Twitter, which agreed to those terms after reversing its initial opposition to the deal. But the two sides have been bracing for a legal fight since the billionaire said a week ago that he was backing away from his agreement to buy the company.
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Twitter hires law firm Wachtell to sue Musk after pulling out of $44 billion dealTwitter Inc has hired U.S. law firm Wachtell, Lipton, Rosen & Katz LLP as it prepares to sue Elon Musk and force him to complete the $44 billion acquisition of the social media company, according to people familiar with the matter.
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Twitter Has Entered the Elon Musk Twilight ZoneTwitter’s strategy may be storing up trouble for the company. After the insults thrown by both sides, things will be awkward if Twitter’s leaders succeed in forcing Musk to take over.
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Elon Musk Not Expected In Delaware For First Court Hearing In Twitter CaseElon Musk, who is not expected to appear in person in Delaware, will have his first court hearing Tuesday morning.
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Elon Musk submits a court filing accusing Twitter of trying to rush the trialAfter many threats, Twitter finally sued Elon Musk for backing out of the $44 billion deal on Tuesday. The entrepreneur and CEO responded by submitting a court filing on Friday that said that a quick trial is unreasonable.
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Elon Musk tweets that Tesla could lower car prices if inflation slowsU.S. consumer prices jumped 9.1% to a nearly 41-year high in June, as gasoline and food costs remained elevated.
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