As Twitter and Elon Musk duo prepare for their appointments in court, a statement was made by Twitter lawyers for Elon Musk today. Lawyers argued that Musk’s decision to abandon the deal was invalid.
Elon Musk – Twitter duo came to the fore again after Musk abandoned the $44 billion acquisition deal. While Twitter announced that it would go to court after Musk’s decision, Elon Musk replied that everything questioning whether it was planned made a post.
On the other hand, both Elon Musk and Twitter have already identified their lawyers to meet in the courtroom. Senior lawyers from Wachtell, Lipton, Rosen & Katz, which Twitter agreed, today announced Musk’s purchase agreement. who said his cancellation was ‘invalid’ shared a letter.
“Elon Musk knowingly violated the agreement”
In the letter they shared, the lawyers stated that the attempt to abandon the agreement “Mr. Musk and other Musk parties knowingly, willfully and materially violated the agreement.He argued that it was invalid by presenting the justification. While Twitter continues to argue that the agreement has not been and will not be canceled, Musk also asked after this letter. a meaningful post with only one image came:
It is not known when Elon Musk and Twitter duo will appear in court. But the lawyers of both sides are already making preparations at full speed. While Twitter agreed with the company of which Lipton is the co-founder, which developed the ‘poison pill’ strategy used against Elon Musk, Musk previously fought against Apple on behalf of Samsung and previously fought against Musk’s ‘pedophilia’ accusation. Quinn Emanuel Urquhart & Sullivan agreed with.
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Source :
https://www.theverge.com/2022/7/11/23204432/twitter-elon-musk-breach-acquisition-agreement-lawsuit