WILMINGTON: A Delaware judge determined that Elon Musk must disclose by the end of this Friday any legal claims he may have against the company in order for Twitter to be able to hold him to his $44 billion acquisition for the social media platform. The trial will go for five days starting on October 17.
The ruling was signed late Thursday by Chancellor Kathleen McCormick of the Delaware Court of Chancery. Musk, the head of Tesla and the richest man in the world, has until 5 p.m. EDT (2100 GMT) on Friday to submit any counterclaims.
According to Musk’s legal counsel, he may file counterclaims, which would basically be his own lawsuit against Twitter and be used to seek monetary compensation for the disputed transaction.
The CEO of Tesla and SpaceX announced his decision to terminate the partnership on July 8 and accused Twitter of breaking the merger agreement by exaggerating the number of phoney accounts on its platform.
