Twitter filed a lawsuit against Elon Musk in Delaware court on Tuesday
Alexi Rosenfeld / Contributor / getty
- Musk accused Twitter lawyers of trying to “cause trouble” by probing into his finances, per Twitter’s lawsuit.
- He texted Twitter CEO Parag Agrawal and CFO Ned Segal, “it needs to stop” on June 28.
- Musk was slow to respond or unresponsive to requests for financing documents, the lawsuit alleged.
Tesla CEO Elon Musk texted Twitter’s CEO and CFO that the company’s lawyers were trying to “cause trouble” after they requested information about the status of Musk’s financing for a deal to buy the social media site, according to a lawsuit filed in Delaware court Tuesday.
Musk texted CEO Parag Agrawal and CFO Ned Segal on June 28, saying: “Your lawyers are using these conversations to cause trouble. That needs to stop.”
Musk’s texts were in response to Twitter’s decision to seek information from Musk on how he’d finance the deal to buy the company.
Several of his tweets had raised suspicions that the Tesla founder, who had agreed to buy the social media company in April, was backing down from his plans to finalize committed debt financing of the $44 billion deal.
Twitter’s legal action against Musk, which Insider has viewed, argued that he is contractually obligated to follow through on his agreement to buy the company, despite publicly declaring Friday that he’d seek to pull out of the deal.
Twitter’s lawyers alleged that Musk is backing down from the deal because Tesla shares, which comprise a significant proportion of Musk’s personal wealth, have tanked since April.
Musk did not immediately respond to Insider’s request for comment, made outside usual business hours.
The lawsuit said that Musk has been “slow to respond” to requests by Twitter under Section 6.1 of the merger agreement that “required urgency” and has “unreasonably withheld his consent to others, in breach of his own obligations.”
Twitter did not immediately respond to Insider’s request for comment, made outside usual business hours.