A judge has ruled that Elon Musk’s answer to Twitter’s lawsuit over his attempt to back out of a $44 billion deal to buy the social media company will be made public by Friday evening at the latest.
Lawyers for the Tesla Boss wanted to file a public version of their answer and counterclaims in Delaware court on Wednesday. But Twitter lawyers complained that they needed more time to review and potentially redact Mr. Musk’s sealed filing, saying it refers “extensively” to internal Twitter information and data given to Mr. Musk.
Chancellor Kathaleen St Jude McCormick held a quick teleconference on Wednesday before agreeing with Twitter, directing that the public filing be docketed by 5 pm on Friday.
It could be filed earlier depending on when Twitter lawyers complete their review.
Twitter lawyers argued that court rules require that five business days lapse before a public version of Mr. Musk’s filing is docketed.
“Few cases attract as much public interest as this one, and Twitter is mindful of this court’s commitment to ensuring maximum public access to its proceedings,” Twitter lawyer Kevin Shannon wrote.
“Twitter has no interest in proposing any more redactions to defendants’ responsive pleading than are necessary.”
Musk lawyer Edward Micheletti argued that Twitter’s lawyers were misinterpreting the court rules.
Musk’s lawyers also say there is no confidential information in Mr. Musk’s filing that should be withheld from the public.
“Twitter should not be permitted to continue burying the side of the story it does not want publicly disclosed,” Mr. Micheletti wrote.
Mr. Musk, the world’s richest man, agreed in April to buy Twitter and take it private, offering $54.20 a share and vowing to loosen the company’s policing of content and root out fake accounts.
Twitter shares closed on Wednesday at $41, well off a 52-week high of $69.81.
Mr. Musk indicated in July that he wanted to back away from the deal, prompting Twitter to file a lawsuit to hold him to the “seller-friendly” agreement.
Mr. Musk says Twitter has failed to provide him with enough information about the number of fake accounts on its service.
Twitter argues that Mr. Musk, chief executive of electric car maker and solar energy company Tesla, is deliberately trying to tank the deal because market conditions have deteriorated and the acquisition no longer serves his interests.
Either Mr. Musk or Twitter would be entitled to a $1 billion breakup fee if the other party is found responsible for the agreement failing.
Twitter wants more, however, and is seeking a court order of “specific performance” directing Mr. Musk to follow through with the deal.