The founder and CEO of TeslaElon Musk has filed a confidential counterclaim against Twitter after the company sued him in early July for terminating the €43 million platform deal, the Wall Street Journal reported.
The tycoon’s counterclaim serves to indicate that Twitter didn’t respond when asked about it Number of fake accounts that existed on the social network and how did the social network find and eliminate them, according to Musk’s legal team.
Musk claims changes ahead of signing agreement
Likewise, the aforementioned newspaper collected that it is “probable” that it is the founder of Tesla claim that the company has changed the number of active users monetizable newspapers before the agreement was finalized between both parties, which would have changed the purchase price of the social network.
Musk’s legal department has previously assured this Twitter would have breached its agreement for a number of reasonsincluding the fact that the company had fired two executives and thus breached the agreement.
On the other hand, the process for The Twitter lawsuit against the tycoon takes place on June 17th and it will take five days, according to a Delaware judge and US broadcaster CNN.
Judge Jude McCormick, who is overseeing the caseordered the trial in mid-October ten days after the assumption that the trial would take place this month, but without specifying the day.
Holding the trial in October, McCormick has agreed with the company, which had asked to “speed up” the trial, although it will not finally take place in September, as Twitter’s legal team initially defended it The contract to buy the company had to be closed before October 24th.
Deadlines and Judgment
On July 9th, the tycoon tweeted that he was resigning from the sale of the social network did not receive a response from the company when you request information about the number of fake accounts found on the platform, as well as the way the company screens and blocks them.
Days later, Twitter filed a lawsuit in a Delaware state court against the billionaire to force him to go through with his bid to buy the company after breaking the agreement between the parties.
“Musk appears to believe that unlike any other party subject to Delaware contract law, he is free to change his mind, ruin the company, disrupt its operations, destroy shareholder value,” the company said. as picked up by the NBC News Network.
Suspension of Purchase
Middle of May, The tycoon had decided to temporarily suspend the purchase from Twitter, agreed in late April for around $44,000 million (€43,620 million), has yet to provide details that would support the company’s calculation that false accounts account for less than five percent of users.
The billionaire’s legal team then scrutinized Twitter’s position in a letter Musk’s attorneys sent to the United States Securities Market Commission (SEC) in early June a “material breach” of its obligations under the Merger Agreement, As such, they warned that Elon Musk “reserves all rights arising therefrom, including his right not to consummate the transaction and his right to terminate the merger agreement.”