Elon Musk.Photo: Theo Wargo/Getty
Elon Muskis accusing Twitter of misleading him about its business following a deal tobuy the social media platformfor $44 billion — claims which Twitter denied in a court filing.
“Twitter filed a response to Mr. Musk’s counterclaims. His claims are factually inaccurate, legally insufficient, and commercially irrelevant,” Taylorwrotein a statement. “We look forward to the trial in the Delaware Court of Chancery.”
In Twitter’s reply, which included several portions from Musk’s counterclaims, the company responded to allegations that they held back information to prevent his team from uncovering “fraud” after the April agreement.
“Twitter was miscounting the number of false and spam accounts on its platform, as part of its scheme to mislead investors about the company’s prospects,” Musk’s team wrote, according to the filings. “Twitter’s disclosures have slowly unraveled, with Twitter frantically closing the gates on information in a desperate bid to prevent the Musk parties from uncovering its fraud.”
In the reply to Musk’s counterclaims, the company called his criticisms “factually inaccurate, legally insufficient, and commercially irrelevant.”
Twitter logo.Chesnot/Getty Images
The claims are the latest developments in a clash between the two sides. Musk, who has previously claimed Twitter had morefalse accountsthan they let on,filed to terminate the dealin July, for which the company is now suing him in a Delaware court to complete the deal
The company argued in their court filing that Musk did not ask for “any representations” regarding false or spam accounts on the network when he offered to buy the platform, nor did they provide a number. They also claimed Musk did not attempt to verify the number of fake accounts before he agreed to the merger.
The San Francisco-based company went on to allege that Musk’s counterclaims are an “entirely new set of excuses.”
Despite the lawsuit, Musk hascontinued to use the platformto reach his nearly 103 million followers.
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In its countersuit reply, Twitter described Musk’s reasoning for withdrawing from their deal as a “story, imagined in an effort to escape a merger agreement that Musk no longer found attractive,” according to the court filing.
“The result is a distortion that Musk is hoping will nonetheless make waves,” the company claimed in the documents.
According to theWashington Post, the trial between Musk and Twitter will begin on October 17 and last five days.
source: people.com