5:28:43 PM PDT - Sunday, August 14th, 2022

Twitter denies Musk’s countersuit claims with a lot of snark  

By Editor - Fri Aug 05, 7:09 am

Twitter has filed a legal response denying Elon Musk’s counterclaims about the company he’s supposed to acquire — a deal he’s trying to exit by claiming Twitter fraudulently misrepresented the number of fake accounts on the platform. The 127-page document sees Twitter refuting Musk’s various claims, saying that they are “a made-for-litigation tale that is contradicted by the evidence and common sense.” Ouch! The social network noted in the filing that these counterclaims “fail to justify Musk’s plan to dishonor the merger agreement,” and accused them of being an effort to escape the agreement because of the market downturn. “According to Musk, he — the billionaire founder of multiple companies, advised by Wall Street bankers and lawyers — was hoodwinked by Twitter into signing a $44 billion merger agreement. That story is as implausible and contrary to fact as it sounds,” snarked Twitter, in the filing made public on Thursday. Twitter’s chairman Brett Taylor also posted to the social network, criticizing Musk’s claims as being “factually inaccurate, legally insufficient, and commercially irrelevant.” Twitter filed a response to Mr. Musk’s counterclaims. His claims are factually inaccurate, legally insufficient, and commercially irrelevant. We look forward to the trial in the Delaware Court of Chancery.

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Twitter denies Musk’s countersuit claims with a lot of snark

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