Twitter takes Elon Musk to court, accusing him of bad faith and hypocrisy

https://www.npr.org/2022/07/12/ [login to see] /elon-musk-twitter-lawsuit-deal
Twitter has sued Elon Musk to compel him to buy the social media company for $44 billion – a deal the world's richest person said last week he was calling off.

The lawsuit, filed in Delaware's Court of Chancery on Tuesday, accuses Musk of hypocrisy and bad faith in breaching his contract with Twitter.

It claims that Musk used pretexts, including a question about how many fake and spam accounts are on the platform, as way to try to kill the acquisition after a market downturn made it look like he was getting a bad deal. Yet, the suit points out, he was under a legally binding contract.

"Musk wanted an escape. But the merger agreement left him little room," wrote attorney William Savitt and other lawyers representing the social media company.

The lawsuit sets Twitter and Musk up for an expensive and high-stakes battle in which a once-reluctant seller will try to force the hand of a now unwilling buyer.