Twitter lawsuit accuses Elon Musk of contract breach
Gulf Times
The suit filed in the US state of Delaware urges the court to order the billionaire to complete his deal to buy Twitter.
Twitter on Tuesday sued Elon Musk for breaching the $44 billion contract he signed to buy the tech firm, calling his exit strategy "a model of hypocrisy," court documents showed.
The suit filed in the US state of Delaware urges the court to order the billionaire to complete his deal to buy Twitter, arguing that no financial penalty could repair the damage he has caused.
"Musk's conduct simply confirms that he wants to escape the binding contract he freely signed, and to damage Twitter in the process," the lawsuit contended. "Twitter has suffered and will continue to suffer irreparable harm as a result of defendants' breaches."
The social media company's shares edged up slightly in after-market trading when the news broke.
