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re: Twitter is pursuing legal action to enforce Elon’s merger agreement. LOL
Posted on 7/8/22 at 8:18 pm to thelawnwranglers
Posted on 7/8/22 at 8:18 pm to thelawnwranglers
quote:... in the case of SEC filings, that would be criminally inaccurate data.
Sounds like good grounds to claim he relied on inaccurate data from the company
0
Posted on 7/8/22 at 8:19 pm to LSUAngelHere1
Discovery should be fun
Posted on 7/8/22 at 8:24 pm to j1897
quote:
We all know the stipulation, 1 billion dollars. Twitter is giving up a free, 1 billion dollars(3.5% of their entire market cap) to sue him.
Delaware law vitiates contracts that were entered into based upon material misinformation during negotiations. Musk May pay 1 billion….his net worth fluctuates more than that daily, but he certainly has an argument even that won’t be owed.
Posted on 7/8/22 at 8:31 pm to LSUAngelHere1
Twitter is going to sue an african-american?
Damn. Twitter should be canceled. Racist pieces of shite
Damn. Twitter should be canceled. Racist pieces of shite
Posted on 7/8/22 at 8:55 pm to ItzMe1972
quote:
The discovery should be delightful!
Said almost as often as tick tock and to the same effect.
Posted on 7/8/22 at 8:56 pm to bamarep
quote:
Know how I know you don’t know what the frick you’re talking about?
How do you know, specifically?
Posted on 7/8/22 at 9:01 pm to LSUAngelHere1
Dude, if they sue then they are toast. Discovery will destroy them.
Posted on 7/8/22 at 9:02 pm to cwill
simple if they can validate the info they provided they have a case, if they cant he walks away
but you already know this
but you already know this
Posted on 7/8/22 at 9:04 pm to supatigah
They don’t have to validate that info. He signed a no exit, no due dil deal.
Posted on 7/8/22 at 9:08 pm to cwill
right 
the paperwork had a big AS IS stamp on it
I am certain the Musk has the best legal minds on his twitter strategy, he will be fine
the paperwork had a big AS IS stamp on it
I am certain the Musk has the best legal minds on his twitter strategy, he will be fine
Posted on 7/8/22 at 9:17 pm to cwill
quote:
Know how I know you don’t know what the frick you’re talking about?
How do you know, specifically?
Your name accompanies the post. That's all it takes.
Posted on 7/8/22 at 9:24 pm to LSUAngelHere1
As is their right. Tesla stock tanking has put Elon in a tough spot.
Posted on 7/8/22 at 9:54 pm to BBONDS25
Fraud vitiates everything, eh?
Posted on 7/8/22 at 10:23 pm to supatigah
He waived business due diligence…it’s in the proxy, which he signed off, and the agreement has no due diligence provisions. It’s why this is going to court.
Posted on 7/8/22 at 10:31 pm to cwill
quote:
He waived business due diligence…it’s in the proxy, which he signed off, and the agreement has no due diligence provisions. It’s why this is going to court.
You called it. It’s going to come down to whether they made material misrepresentations during negotiations. If they did. No billion dollars. The only way to prove that is to get the info they have been withholding.
Posted on 7/8/22 at 10:32 pm to VoxDawg
quote:
Fraud vitiates everything, eh?
Most of the time yes. Specifically, in Delaware, material misrepresentation in negotiation is considered fraud sufficient to vitiate the contract.
Posted on 7/8/22 at 10:33 pm to cwill
1. If they take him to court they will lose on discovery as they would then be sued for so many bots and false data to adverisers. Would expose them to tons of liability (and likely show some leftists in Gov positions fund or dictate some twitter conservative bans).
2. If they don’t take him to court then it solidifies their crooked bots theory as any clean company would sue. Stock goes down, and they still might get sued by shareholders.
My guess is they negotiate a much reduced valuation and then he buys it. For Twitter to survive long term they have to make this deal happen. Else adverisers will possibly lose trust or even sue them.
If it does not go thru then other platforms will shoot up. Imagine if Elon put $44b in Gab. It would pass Twit in no time.
2. If they don’t take him to court then it solidifies their crooked bots theory as any clean company would sue. Stock goes down, and they still might get sued by shareholders.
My guess is they negotiate a much reduced valuation and then he buys it. For Twitter to survive long term they have to make this deal happen. Else adverisers will possibly lose trust or even sue them.
If it does not go thru then other platforms will shoot up. Imagine if Elon put $44b in Gab. It would pass Twit in no time.
Posted on 7/8/22 at 10:34 pm to cwill
quote:
They don’t have to validate that info. He signed a no exit, no due dil deal.
Dude you don’t know shite about m&a and stop acting like you do. You get embarrassed in every thread you show up in and then run away.
Posted on 7/8/22 at 10:40 pm to LSUAngelHere1
Time ro buy shorts on twitter
Posted on 7/8/22 at 10:41 pm to OU Guy
quote:
1. If they take him to court they will lose on discovery as they would then be sued for so many bots and false data to adverisers. Would expose them to tons of liability (and likely show some leftists in Gov positions fund or dictate some twitter conservative bans).
2. If they don’t take him to court then it solidifies their crooked bots theory as any clean company would sue. Stock goes down, and they still might get sued by shareholders.
The typical “wait for discovery bro!” type post.
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