Elon Musk Backfires Twitter With Countersuit Over $44 Billion Deal

Elon Musk filed a counter-suit against Twitter Inc. on Friday, extending his legal battle with the social media firm over his desire to back out of the $44 billion purchase. Elon Musk V/S Twitter Elon Musk, CEO of Tesla, has formally escalated his war with Twitter by countersuing the microblogging site on Friday, July 29. The lawsuit was launched in reaction to the social media company’s legal case filed against Elon Musk for stepping away from the $44 billion Twitter transaction. Despite the fact that the lawsuit document was not officially accessible at the moment of writing, a revised version may be released publicly shortly under court order. Elon Musk registered a case only hours after Chancellor Kathaleen McCormick of the Delaware Court of Chancery scheduled a five-day trial beginning October 17 to decide if he could walk away from the $44 billion contract. The court has set a five-day trial for the case. McCormick quoted a statement that- “This order does not resolve any specific discovery disputes, including the propriety of any requests for large data sets.” Musk stated in an accompanying filing that- “I have reviewed the counterclaims and declare that the matter contained therein insofar as it concerns my acts and deeds is true, and insofar as it relates to the acts and deeds of any other person, I believe it to be true.” Five-Day Hearing in Court Elon Musk urged a judge on Tuesday to set a five-day hearing commencin...