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Elon Musk's countersuit against Twitter says the company misrepresented itself and misled him | Businessinsider

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Elon Musk confidentially filed the countersuit last week, escalating his legal fight against Twitter over trying to back out of the $44 billion deal. | BISouthAfrica

a 164-page countersuit against Twitter late last week, escalating the ongoing legal fight over his attempt to back out of the $44 billion purchase.

Musk took aim at Twitter's assurances to investors that its business was sound, based on its disclosures of user metrics in securities filings. For months now, Musk has argued publicly that Twitter had more"bots" or spam accounts than it admitted. He used this as the basis last month for backing out of the acquisition.

"That has been Twitter's strategy all along: to distract from and obfuscate the truth about its disclosures—first from its investors and then from the Musk Parties when they began to discern the truth," the claims continue.

 

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Elon Musk's Twitter countersuit due by Friday as acrimony grows - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Twitter Inc and Elon Musk, who are suing each other over the world’s richest person’s effort to exit their $44 billion merger, couldn’t even agree on how much to tell the public about their dispute. Too much money was involved they didn't want to shock us.
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