Twitter sues Elon Musk Archives

Twitter describes Bot Mask’s complaints as an ‘irrelevant sideshow’

July 19, 2022 mohmad free

Twitter Inc dismissed Elon Musk’s complaints that it didn’t have enough information about spam and bot accounts, an “irrelevant sideshow” and urged a judge to hold a trial as soon as possible over his scrapping of a $44 billion purchase of the company. “The earliest possible trial date is imperative,” Twitter’s lawyers said in the nine-page filing on Monday, responding to Musk’s request for a delay. “This public discord is hurting Twitter with each passing day.” Musk, the world’s richest man, backed out of the deal to buy the platform…

What if Elon Musk was ordered to make a deal on Twitter and he just refused?

July 15, 2022 mohmad free

Imagine: Elon Musk, known for his glee at defying authority, was ordered to go ahead with his $44 billion purchase of Twitter Inc — and he refused. It’s an unusual scenario, but one in which the court has the tools to carry out its orders. It can impose a heavy fine on Musk, designate recipients to complete the transaction or even enable the confiscation of his assets. Twitter sued Musk on Tuesday to force him to complete the acquisition after he withdrew. Musk does not shrink from the fight. He’s…

Twitter sues Elon Musk for holding him to a $44 billion deal

July 13, 2022 mohmad free

“Musque apparently believes that – unlike any other party subject to Delaware contract law – he is free to change his mind, screw up the company, disrupt its operations, destroy shareholder value, and walk away,” the complaint reads. The lawsuit moves what promises to be one The biggest legal confrontation in Wall Street historyby engaging one of the business world’s most vibrant entrepreneurs on a cause that will power the sober language of contract. On Friday, Musk said he terminated the deal because Twitter violated the agreement by not responding…

Sources: Twitter hires US law firm Wachtell to sue Musk after pulling out of a $44 billion deal

July 11, 2022 mohmad free

Twitter Inc has hired US law firms Wachtell, Lipton and Rosen & Katz LLP as it prepares to sue Elon Musk and force him to complete a $44 billion acquisition of the social media company, according to people familiar with the matter. Tesla CEO Musk ended his deal on Friday, saying Twitter had failed to provide information about fake accounts on the platform, and then Twitter CEO Brett Taylor vowed to fight legal. People familiar with the matter said that Twitter plans to file a lawsuit early this week in…

Elon Musk steals the show at the Sun Valley sleeper moguls convention

July 10, 2022 mohmad free

Elon Musk’s arrival at the Allen & Co Sun Valley conference sent shockwaves through this week’s annual gathering of media and technology executives, with headlines usually happening outside the prying eyes of the media. Musk is scheduled to be interviewed on stage Saturday at the Sun Valley Lodge, less than 24 hours after he announced the termination of his $44 billion deal to buy Twitter. News quickly dominated the conversation at the four-day conference. “It looks like absolute chaos,” said a senior media official, who spoke on condition of anonymity.…

Twitter has a legal edge in its deal dispute with Musk

July 9, 2022 mohmad free

Twitter Inc has a strong legal case against Elon Musk for abandoning its $44 billion deal to acquire the US social media company, but it may choose to renegotiate or settle rather than a protracted court battle, according to legal experts. Delaware courts, where the dispute between the two sides is due to be litigated, have set a high standard for allowing acquirers to abandon their deals. Three corporate law professors interviewed by Reuters said firms often choose the certainty of a renegotiated deal at a lower price or financial…