Everyone who is calling for free expression on social media was ecstatic about Elon Musk’s bid to purchase Twitter. Musk is implementing a new plan to undermine his $44 billion acquisition of Twitter.
However, Musk has a new plan in mind.
Regarding the actual amount of bot and false accounts on Twitter, Musk and his investment company were unable to get more specific information from the social media network.
According to The Post, Twitter’s lawyers are pushing for a four-day trial that would start in September, while Musk wants the trial date pushed back until no earlier than February 2023.
Musk’s attorneys stated in a declaration on Friday in response to Twitter’s lawsuit that “The re dispute over false and spam accounts is fundamental to Twitter’s value. It is also extremely fact and expert intensive, requiring substantial time for discovery.”
Musk has filed further lawsuits in response to the disagreement.
On Friday, Musk filed a complaint as part of the ongoing legal dispute.
“The 164-page suit was filed under seal just before the judge-imposed 5 p.m. deadline, so its contents were not immediately visible to the public. Under court rules, a partially redacted version may be available next week,” according to a New York Post article.
According to a document that Musk signed, “I have examined the counterclaims and declare that the substance included is accurate, insofar as it concerns my acts and deeds, and insofar as it refers to the acts and deeds of any other person, I believe it to be true.”
Brian Poliakoff, a spokesperson for Twitter, declined to comment.
Musk’s countersuit was most likely filed under seal because it contains details that Twitter shared with Musk under a non-disclosure agreement or other restrictions, according to J.B. Heaton, an investment researcher and former corporate attorney, who spoke to The Post.
“It’s almost certainly because they are including facts that they have gained under an expectation of confidentiality from Twitter,” according to Heaton.
According to Heaton, Delaware Court of Chancery Judge Kathaleen McCormick will probably force the two parties to concur on a partially redacted version that might be made public in a week.
As a result of the judge granting Twitter’s request for an accelerated trial, Elon Musk suffered a significant defeat.
Starting in October, the trial will last for five days. According to Yahoo Finance, the business requested a four-day trial in September so that Musk would “respect his duties.”
More on this story via The Republic Brief:
Musk’s lawyers asked the court to delay the trial to February 2023.
They claimed Twitter was in a sudden rush to complete a trial and force the acquisition following two months of alleged “foot-dragging and obfuscation” over requested data relating to bots and other fake accounts.
Musk accused Twitter of underreporting the volume of bogus accounts (and failing to provide enough information) in a bid to clinch the deal. As part of the call for a delay, Musk’s lawyers also claimed they needed more time to search Twitter’s raw “firehose” data.