Now, you can read the full argument Elon Musk’s lawyers are making that his latest change of heart is actually all Twitter’s fault, laid out in this 165-page document just made public by the Delaware Court of Chancery .
You know the basics of history. Musk bought a bunch of shares in Twitter. Musk agreed to take a seat on the company’s board and pledged not to try to buy Twitter. Then he changed his mind, lined up the necessary financing using some of his shares in Tesla, and eventually agreed to a $44 billion deal to buy Twitter. Then he changed his mind again and tried to back out of the deal, prompting Twitter to sue the world’s richest man to force him to buy the company as he said he would.
Twitter lawyers are already looking into Musk’s business dealings, trying to find evidence that the change is about something else, while now we can see Musk’s side arguing that they actually strategically misrepresented, misrepresented and misled the his efforts to find out how. a lot of people actually tweet.
The second half also includes Musk’s team’s responses to the Twitter lawsuit, if you want to read a very expensive argument in full.
Whether you agree with Musk’s lawyers or Twitter’s, getting the document in one piece is certainly easier to follow. It claims that Twitter is lying about statistics that reflect its number of active users and how many of them are bots, and that this fraud it alleges is contributing to a “material adverse effect” that should allow it to walk away from the agreement they signed.
Twitter already released a point-by-point response that included most of the document, but you need to hear from both sides before they meet in court on October 17.