Elon Musk filed a countersuit against Twitter Inc. on Friday under seal, escalating his legal fight against the social media company.
Although the 164-page document was not publicly available, under court rules a redacted version could soon be made public.
Musk’s lawsuit was filed hours after Chancellor Kathaleen McCormick of the Delaware Court of Chancery ordered a five-day trial beginning Oct. 17 to determine if Musk can walk away from the deal.Musk, the world’s richest person and chief executive of Tesla Inc, said on July he was abandoning the takeover and blamed Twitter Inc for breaching the agreement by misrepresenting the number of fake accounts on its platform.
McCormick fast-tracked the case to trial last week, saying she wanted to limit the potential harm to Twitter caused by the uncertainty of the deal.The two sides had basically agreed to an Oct. 17 trial, but were at odds over the limits of discovery, or access to internal documents and other evidence.
Musk also faces a week-long trial in Wilmington, Delaware, beginning Oct. 24. A Tesla shareholder is seeking to void as corporate waste and unjust enrichment the CEO’s record-breaking $56 billion pay package from the electric vehicle maker.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk files countersuit under seal vs Twitter over $44 billion dealRedacted version of Elon Musk countersuit could soon be made public
Read more »
Twitter's battle with Elon Musk over $44 billion deal heads to Oct. 17 trialElon Musk filed a countersuit against Twitter Inc. on Friday under seal, escalating his legal fight against the social media company.
Read more »
Twitter’s lawsuit against Elon Musk heads to Oct. 17 trialMusk also must file any counterclaims by 5 pm ET on Friday
Read more »
Twitter's battle with Elon Musk over $44 billion deal heads to Oct. 17 trialElon Musk filed a countersuit against Twitter Inc. on Friday under seal, escalating his legal fight against the social media company.
Read more »
Twitter’s lawsuit against Elon Musk heads to Oct. 17 trialMusk also must file any counterclaims by 5 pm ET on Friday
Read more »