According to the merger agreement, Musk is accused of multiple breeches of the deal.
The world's richest person decided to buy the micro-messaging service in April.
Mr Musk said that he backed out because he didn't know enough about the number of fake and bogus accounts.
He could face a $1 billion break-up fee and a lawsuit if he opts out.
Musk said the deal was temporarily on hold as he was waiting for data on the number of fake and fraudulent accounts on the micro-blogging site.
The billionaire businessman asked for evidence to support the company's claim that less than 5% of its users are spammers.
In a letter, Mr Musk's lawyer said that they 888-492-0 888-492-0'd the information.
After Mr Musk's announcement, shares in the social media company fell.
More details will be published soon. The page needs to be refreshed for the full version.
You can get breaking news on your phone or computer. You can get the latest news on the social networking site.
All Rights Reserved © 2024
