Elon Musk’s lawsuit filed by social media giant Twitter Inc. is set to be made public this Friday
According to reports, Elon Musk, the CEO of Tesla, is expected to respond to the lawsuit Twitter Inc. filed against him by the evening of August 5. The wealthy CEO attempted to back out of the $44 billion acquisition deal last month by filing this lawsuit in Delaware court. On August 3, the Tesla and SpaceX CEO’s attorneys apparently concentrated their efforts on submitting a public version of Musk’s answer along with counterclaims. The social media juggernaut’s attorneys, on the other hand, said they needed more time to study and perhaps redact the billionaire’s filing. They explained how this document made extensive use of the internal data and information he got from the social media giant.
Chancellor Kathallen St. Jude McCormick held an instant teleconference on August 3 prior to accepting Twitter Inc.’s terms. She stated that by the evening of August 5, this public filing would be recorded. In addition, it might happen much sooner if Twitter’s attorneys finished the anticipated study. They made the case that, according to court regulations, there must be a waiting period of five business days before the public version of the file is recorded.
According to Twitter Inc.’s attorney, Kevin Shannon, this is one of the rare situations that generates a lot of public interest. He explained how the court’s interest in ensuring that the public has full access to the proceedings is known to the platform. Additionally, it indicated that Twitter is not interested in engaging in any more discussions than necessary in response to Musk’s pleas.
Musk’s attorney, Edward Micheletti, argued that Twitter’s lawyers were misinterpreting the court’s guidelines and pointed out that there was no private information in the submission that the public shouldn’t see. He argued that the social media firm shouldn’t be permitted to continue burying the information that it doesn’t want to be made public.
Despite having made an agreement to purchase Twitter four months ago, he tried to back out of it last month. This prompted the platform to sue him in order to make him keep his promise. The wealthy CEO claimed that Twitter was unable to provide sufficient information regarding the number of spam or bot accounts using the site. On the other hand, Twitter says that Musk is trying to get out of the deal because market conditions are getting worse.