San Francisco: Tesla CEO Elon musk Twitter was fired back Friday over a lawsuit that sought to force it to complete its $44 billion acquisition of the platform, according to multiple news reports.
in a filing with Delaware Court of Chancery, MuskU.S. lawyers accused Twitter of withholding information about the fake accounts — a longtime engagement for Musk — and of causing delays, providing evasive responses and putting up technical hurdles. The filing also disputed Twitter’s request for an expedited trial, claiming it would take months to obtain information from Twitter and present multiple witnesses on the subject of fake accounts.
in a filing with Delaware Court of Chancery, MuskU.S. lawyers accused Twitter of withholding information about the fake accounts — a longtime engagement for Musk — and of causing delays, providing evasive responses and putting up technical hurdles. The filing also disputed Twitter’s request for an expedited trial, claiming it would take months to obtain information from Twitter and present multiple witnesses on the subject of fake accounts.
Back in April, Musk promised to pay USD 54.20 per share for Twitter, which agreed to those terms after reversing initial opposition to the deal. But both sides are up for a legal battle as the billionaire said a week ago that he was withdrawing from his agreement to buy the company.
The filing reiterates several other allegations previously filed by Musk, including claims that Twitter had violated the acquisition agreement when it fired two high-level managers without first notifying Musk.
Twitter filed its lawsuit in Delaware Court of ChanceryWhich often handles business disputes between multiple corporations, including Twitter, which are involved there.