Elon Musk has filed a counterclaim against Twitter. The company was the first to sue him over a failed deal to buy the company for $44 billion. It is reported by ABC News.
The publication clarifies that now the 164-page document is not publicly available, but, according to court rules, an edited version may soon be made public.
The lawsuit was filed on Friday, July 29, hours after Chancellor Catalyn McCormick of the Delaware Court of Chancery ordered that the company's five-day trial with Musk begin on October 17. The trial will determine whether Musk is legally entitled to back out of the deal.
In addition, on July 29, Musk was sued by Twitter shareholder Luigi Crispo, who owns 5,500 shares of Twitter. He is asking the court to order the billionaire to close the deal and admit that he violated his fiduciary obligations to Twitter shareholders. Crispo also requires Musk to pay damages to shareholders.
Earlier in July, Twitter filed a lawsuit against Elon Musk in the Delaware Court of Chancery over his refusal to buy the social network for $44 billion. The company requires the businessman to complete the merger at an agreed price of $54.2 per share. Musk pulled out of the Twitter acquisition deal on July 9. In a letter from his representative, sent to the company, it is said that the reason for this was "a material violation of several provisions of the agreement." In particular, Twitter was unable or refused to provide information about the fake accounts of the platform. Twitter itself claims it did not do so as it feared Musk would create a rival platform after pulling out of the acquisition. The lawsuit also alleges that on May 16, Musk responded to tweets by the CEO of the social network, Parag Agrawal, about the company's efforts to combat spam emoji accounts with the image of feces.