Elon Musk Claps Back at Twitter’s Lawsuit Over $44 Billion Deal
Summary
Lawyers for Mr. Musk, who struck the blockbuster deal to buy Twitter in April but has since tried to terminate the purchase, made the arguments in a legal filing intended to oppose the company’s demand for a four-day trial in September in the case. Twitter was rushing to court after “a two-month treasure hunt of delays, technical bottlenecks, evasive answers, and, ultimately, refusals,” Mr. Musk’s lawyers said in the filing. They added that Twitter was trying to “shroud the truth” over fake accounts on the service, an issue that Mr. Musk has made central to his desire to pull out of the deal. In its lawsuit this week, Twitter said Mr. Musk had “knowingly, intentionally, willfully and materially breached” his agreement to buy the company by falsely claiming that he was not getting information about the prevalence of fake accounts on the service. His actions coincided with a slide in the value of tech shares, including those of Tesla, the electric carmaker that Mr. Musk leads and that is the main source of his wealth.