Two weeks after Twitter filed a lawsuit against Elon Musk for reneging on a promise to buy the company, the tycoon has also filed a lawsuit, the contents of which have not been disclosed.
According to Reuters, the 164-page document is confidential, but it is possible that it will be presented in the coming days after sensitive references are deleted.
Musk’s lawsuit came hours after a Delaware court announced it would begin a five-day trial Oct. 17 to decide whether Musk can back out of the $44 billion deal.
On Friday, Musk was hit with a separate lawsuit from an investor asking the court to order the billionaire to close the deal, find him in breach of his legal obligations to Twitter and award damages for the losses.
Musk’s legal obligations stem from the fact that he already owns 9.6 percent of Twitter, and the buyout agreement gives him veto power over many company decisions, according to the lawsuit by the investor, who owns 5,500 shares.
Source: Capital
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