Twitter vs Elon Musk: Recently, Elon Musk has canceled his deal with Twitter. After the cancellation of this deal, Twitter talked about filing a lawsuit against Elon Musk. Twitter has filed a lawsuit against Elon Musk in the Delaware Court of Chancery on July 13. If reports are to be believed, Twitter has accused Musk of being a hypocrite. This allegation was made after he withdrew from the $ 44 billion deal.
This could be the reason behind the lawsuit
After the filing of this lawsuit on behalf of Twitter, we have understood that the fight is going to go on for a long time. If reports are to be believed, Twitter is filing a lawsuit against Elon Musk to prevent him from backing out of the deal. It has been told in the lawsuit that Elon Musk has been sued for not fulfilling his legal obligations to prevent him from violating any such rules.
Reasons why Elon Musk broke the deal
According to the reports, Elon Musk had asked Twitter for information about the fake accounts present on the platform. But, the company had presented wrong reports in front of Elon Musk. Musk then announced the break-up of the deal between himself and Twitter on July 8. New York law firms Wachtel, Lipton and Rosen & Katz accused Elon Musk of avoiding the deal.
The deal was done in the month of April
Elon Musk executed this deal with Twitter in the month of April. According to the deal, Elon Musk was to pay $ 44 billion to Twitter at the rate of $ 54.20 per share. However, in the month of May, this deal was put on hold by Elon Musk.