Twitter is suing Elon Musk to power the Tesla and SpaceX CEO to finish his $44 billion acquisition of the social media firm. The New York Times reports Twitter filed a criticism on Tuesday with the Chancery Court in Delaware alleging the billionaire wrongfully broke his settlement to buy the platform. In April, Musk introduced he was prepared to purchase Twitter for $54.20 per share, a proposal Twitter accepted lower than two weeks later. Since then, the 2 have gone forwards and backwards in a extremely public spat over the variety of faux accounts on Twitter. 

It all began in May when Musk stated the deal was “temporarily on hold” whereas his group labored to verify faux and spam accounts represented lower than 5 p.c of Twitter’s whole userbase as the corporate has constantly claimed. Less than a month later, Musk threatened to again out of the settlement, accusing Twitter of committing a “material breach” of their settlement by refusing to reveal sufficient details about the platform’s bot drawback. Twitter responded by giving Musk full entry to its “firehose” of inside information, a transfer that apparently did little to appease the billionaire since on July eighth he informed the Securities and Exchange Commission he needed to terminate the takeover over “false and misleading representations” made by Twitter. All of that brings us to right now. 

“Having mounted a public spectacle to put Twitter in play, and having proposed and then signed a seller-friendly merger agreement, Musk apparently believes that he — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk way,” Twitter stated in its filing.

Developing…