Elon Musk filed allegations against Twitter on Friday in response to the internet company’s lawsuit asking that he be held to his $44 billion purchase bargain.
The Chancery Court in the state of Delaware stated in a notice that Musk’s counter-suit was presented along with a legal defense against Twitter’s assertion that the billionaire is legally compelled to execute the agreement he made in April to purchase Twitter.
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The 164-page submission was marked “confidential,” implying that the materials were not available to the public, according to the notification.
The court’s regulations, however, compel Musk to file a public version of the document with trade secrets and other sensitive material redacted.
A court has scheduled a five-day trial for October 17 in connection with Twitter’s case against Musk.
The Tesla CEO wooed Twitter’s board with a $54.20 per-share offer, but then declared in July that he was “terminating” their deal on allegations that the company deceived him about its tally of bogus and spam accounts.
Twitter, whose shares ended at $41.61 on Friday, has maintained its estimations about accounts managed by software “bots” rather than humans and has suggested that Musk is inventing reasons to back out of the deal.
The social networking platform has encouraged shareholders to support the merger, and a vote on the merger has been scheduled for September 13.
“We are dedicated to completing the transaction at the price and conditions agreed upon with Mr. Musk,” Twitter CEO Parag Agrawal and board chairman Bret Taylor wrote in a letter to investors.
Billions of money are at risk, but so is Twitter’s future, which Musk has said should allow any lawful speech — an absolutist view that has raised concerns that the network may be used to promote violence.