Twitter is making good on its promise to sue Elon Musk, filing a lawsuit against the billionaire CEO of Tesla and SpaceX in a Delaware court. Twitter says it wants Musk to follow through on the deal and be “enjoined from further violations, ordered to comply with its obligations to work toward satisfying several closing conditions, and ordered to close upon satisfaction of those conditions.”
The scathing complaint calls Musk a “model of bad faith” and claims he is trying to pass the costs of the recent stock market slump onto shareholders. Twitter also dismissed Musk’s claims that the social media giant had not fulfilled its part of the agreement as a pretext that had no merit.
“After making a public spectacle of bringing Twitter into play, and after proposing and then signing a seller-friendly merger agreement, Musk clearly believes that he — unlike any other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy shareholder value and walk away,” the lawsuit said.
Oh the irony hahaha
— Elon Musk (@elonmusk) July 12, 2022
In response, Musk tweeted: “Oh what irony, hahahaha.”
The lawsuit follows Twitter chairman Bret Taylor’s pledge to sue Musk, saying the company is confident it will prevail in court. Musk, for his part, claims that Twitter is hiding the true number of spam bots and fake accounts it supports.
Musk first made a $44 billion bid to buy Twitter in April. He seemed to sense buyer’s remorse immediately after accepting the deal, claiming Twitter was in default and claiming the company was in breach of contract. Twitter, for its part, has moved steadily forward with the deal, unanimously recommending that shareholders vote in favor of the merger.
Twitter is looking for a four-day trial in September, with an Oct. 24 deadline for the deal to close.
Blogroll Image Credit: Patrick Pleul/Pool/AFP via Getty Images.
Kat Bailey is a senior news editor at IGN as well as co-host of Nintendo Voice Chat. Any advice? DM her @the_katbot.
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