Elon Musk countersues Twitter for the purchase of the social network

The South African billionaire Elon Musk filed this Friday (07.29.2022) a counterclaim against Twitter in the dispute that both parties keep open over the resignation of Tesla’s CEO to buy the social network after announcing an agreement at the end of April.

Musk filed a counterclaim in the Delaware court where the case is being heard, court documents show, though the content of the counterclaim remains secret.

The trial between Twitter and Musk to resolve the dispute over the purchase of the social network will begin on October 17 unless both parties reach an agreement on another date, according to case documents made public also on Friday.

The judge handling the case in a Delaware court ordered late Thursday that the trial be held from that day, after previously agreeing to Twitter’s request for a fast-track process in the face of Musk’s claim to postpone it. to February of next year.

Trial will last five days

In mid-July, Judge Katheleen McCormick, of the Delaware Court of Chancery, decided that the trial would be held next October and that it would initially last five days.

Musk notified earlier this month of his intention to cancel the purchase of the technology company, agreed between both parties for 44,000 million dollars, to which the latter responded with a lawsuit in a court specialized in commercial disputes to force him to complete the operation.

Twitter’s board of directors invited its shareholders to vote on the purchase on September 13 and asked them to give the green light to the operation as the last step to close it, although it acknowledged that it also depends on the “pending litigation” with the millionaire.

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Elon Musk countersues Twitter for the purchase of the social network