The scathing complaint calls Musk a “model of bad faith” and claims he is trying to pass the cost of the recent stock market downturn onto shareholders. Twitter also dismissed Musk’s claims that the social media giant failed to live up to its side of the deal as pretexts with no merit. “Having made a public spectacle of bringing Twitter into play, and having proposed and then signed a seller-friendly merger agreement, Musk apparently believes that — unlike any other party subject to Delaware contract law — he is free to change his mind. company, disrupt its operations, destroy shareholder value and exit,” the lawsuit states. Oh the irony lol — Elon Musk (@elonmusk) July 12, 2022 In response, Musk tweeted, “Oh the irony lol.” The lawsuit follows Twitter chairman Bret Taylors promise to sue Musk, saying the company is confident it will prevail in court. Musk, for his part, has claimed that Twitter is obscuring the true number of spam and fake accounts it supports. Musk first made a $44 billion bid to buy Twitter in April. He appeared to experience buyer’s remorse soon after agreeing to the deal, claiming Twitter was in default and claiming the company was in breach of contract. Twitter, for its part, has steadily moved forward with the deal, strongly recommending that shareholders vote in favor of the merger. Twitter is seeking a four-day trial in September, with an Oct. 24 deadline to complete the deal. Blogroll Image Credit: Patrick Pleul/Pool/AFP via Getty Images. Kat Bailey is a Senior News Editor at IGN as well as the co-host of Nintendo Voice Chat. Do you have a tip? DM her at @the_katbot.
