Elon Musk participate in the counterattack. His team of lawyers took turns submitting one lawsuit against Twitter. The lawyers submitted a 164-page file, but its contents have not yet been made public. A matter of a few hours, however: US laws require maximum transparency and soon the billionaire’s claims can be discovered.

Musk presented his counter-cause a few hours after the judge’s announcement Kathaleen McCormick, the woman who presides over the Delaware Court of Chancery who will rule on Twitter’s lawsuit against Elon Musk. The trial — which McCormick made official yesterday — begins October 17. The verdict could come in a flash: five days later. The judge has decided to go into fifth gear to prevent the times from expanding too much, at the risk that waiting too much for Twitter will cause a stock market debacle. It would be a potentially irreversible catastrophe.

The controversy, in short: in May, Elon Musk had unexpectedly made a binding offer to buy 100% of Twitter. The irrefutable proposition? $44 billion, with a fee of $54.20 per share, which is way more than their market value. Then the review. “Twitter lied to us about the number of active bots on the platform.” And from there, two months of nightmare, marked by an indeterminate tiramolla in which it was not clear what would become of the agreement. As it turned out, Elon Musk officially withdrew his proposal on July 8, being sued by Twitter.

The lawsuit filed by Elon Musk’s lawyers — the terms of which we don’t yet know — complicates a case that already promised to be extremely delicate and complex.


Source: Lega Nerd

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