Tesla CEO Elon Musk.
Patrick Pleul | AFP | Getty Images
It wasn’t clear why Musk asked the court to help keep information on hiscountersuit confidentialwhen the billionaire, who’s also the CEO of SpaceX, have been vocally critical of Twitter on social media marketing and in press interviews lately.
On April 25, 2022, Twitter and Musk announced Musk would choose the social media company and go on it private for approximately $44 billion. Soon after Musk struck the $44 billion deal, market downturn resulted in a decline in tech stocks including both Tesla and Twitter.
Immediately after they signed the offer, Musk accused Twitter of lying concerning the amount of spam and bot accounts on its platform, and denying him usage of information regarding their handling of the accounts. Musk formally said he wished to terminate the offer earlier this month, and Twitter sued him in the Delaware Court of Chancery to force him to undergo with the offer.
Musk’s legal team filed a confidential countersuit in a Delaware court on Friday, this means a copy had not been available to the general public immediately, but a version of maybe it’s made public soon with sensitive details redacted.
The judge ruling on the case, Chancellor Kathaleen St. J. McCormick, on Thursday night issued an order that set a schedule including for a five-day trial to start out on Oct. 17.