Audio By Carbonatix
Tesla CEO Elon Musk is planning to file a counter-lawsuit against Twitter soon to ditch the $44 billion agreement to buy the social media giant, according to a new report Monday.
Sources close to the case told The New York Post that the countersuit was intended to push a Delaware Court of Chancery judge to grant Musk’s legal team more time to gather information about bots on Twitter – the primary reason Musk gave for reneging on the deal.
Twitter sued Musk last Tuesday in a bid to force him to complete his $44 billion takeover of the social media company, accusing him of "outlandish" and "bad faith" actions that have the platform irreparable harm and "wreaked havoc" on its stock price.
Musk pledged in April to pay $54.20 a share for Twitter, which agreed to those terms after reversing its initial opposition to the deal. But the two sides have been bracing for a legal fight since the billionaire said a week ago that he was backing away from his agreement to buy the company.
In a filing with the Delaware Court of Chancery on Friday, Musk's lawyers accused Twitter of withholding information about fake accounts and of creating delays, providing evasive responses and putting up technical obstacles.
The filing also disputed Twitter's request for an expedited trial, claiming that it would take months to obtain information from Twitter and to depose numerous witnesses on the subject of fake accounts.
The filing repeated several other accusations Musk has lodged previously, including the claim that Twitter violated the acquisition agreement when it fired two high-level managers without first informing Musk.
Musk has 20 days from when Twitter filed his lawsuit against him, to file his own counterclaims. The first hearing is scheduled for Tuesday. Twitter’s legal team wants a four-day trial starting in September, while Musk is pushing for a later court date.
Delaware Court of Chancery chancellor, Kathaleen McCormick, is expected to weigh Twitter’s request for an expedited trial.
McCormick would also hear Musk’s countersuit were his legal team to file one.
Latest Stories
-
Community 25 residents demand answers over two-month water shortage
9 minutes -
Ampem Darkoa Ladies and Hasaacas Ladies clash in 2026 Women’s Champion of Champions
15 minutes -
Business dies when luxury takes over leadership
31 minutes -
No family should lose everything to save a loved one – GMTF administrator
33 minutes -
Bawumia has the dignity to lead and the vision Ghana needs – Gabby
48 minutes -
GOC, GFA chart Olympic qualification roadmap for Black Queens, Black Meteors
49 minutes -
Absa InspireMe 2026 highlights opportunities for women-led business growth
50 minutes -
The only thing that flows regularly is THE BILL
55 minutes -
KGL U17 Colts 2026: Prempeh Elite Academy lead Group A as Western Region secures top spot in Group B
58 minutes -
‘You’ve never been touched by any scandal’ – Gabby celebrates Bawumia on his 63rd birthday
59 minutes -
WPL 2026/27: GFA unveils dates for start of new season as Ampem Darkoa Ladies begin title defence
1 hour -
Ghana Embassy in Washington pays tribute to late academic Dr Kofi Akamani
1 hour -
Ibrahim Mahama urges Ghanaians to overcome fear and venture into business
1 hour -
2026 U-17 WWC: Black Maidens lose to China in pre-tournament friendly
1 hour -
Who gave Gbande the EOCO remote control?
2 hours