After retracting the Twitter deal, Elon Musk is under the hammer of the judiciary on Tuesday

16 July, 2022
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After retracting the Twitter deal, Elon Musk is under the hammer of the judiciary on Tuesday

Court records revealed that a judge will hold a hearing on Tuesday, July 19, to hear arguments regarding Twitter's request to consider a lawsuit it brought against Elon Musk, the world's richest man, to bind him to the agreement reached with him to buy its social networking platform for $44 billion.

Delaware Supreme Court counsel, Judge Kathleen McCormack, set a 90-minute session beginning at 11 a.m. EST in Wilmington.

Twitter sued billionaire entrepreneur Elon Musk on Tuesday for violating a $44 billion deal to buy the social media platform. 

Twitter asked a Delaware court to order the richest person in the world to complete the acquisition for the agreed-upon consideration of $54.20 per share in Twitter, stressing that no financial compensation can repair the damage caused to the tweets site as a result of the billionaire's withdrawal from the agreement, according to As stated in the lawsuit.

After he proposed a takeover agreement...and then signed it, Musk apparently believes that, unlike all other parties subject to Delaware Contracts Act, he is free to change his mind, disrupt the company's operations, and destroy the value of its stock before going his way. .

On Friday, Musk said he withdrew from the deal because Twitter violated the agreement by not responding to requests for information about fake accounts or spam on the platforms, which is essential to its business.



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