https://twitter.com/jyarow/status/1545520878108164096?s=20&t=E0Gf2SYZRTRuuZjkApEN4Q
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Lawsuit will drag on for 15 years before ultimately being appealed up to the Supreme Court and dismissed by Chief Justice Ivanka Trump.
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Don’t rich people have special courts to expedite shit like this? This feels like the kind of situation where the wheels of justice might turn more quickly than usual.
think im buying the inevitable twitter dip monday
Ha, I’d like to see Donald Elon wriggle his way out of this one…
Ah well, nevertheless
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Not a chance.
This will go to the Delaware Court of Chancery which indeed can go pretty quickly and probably will rule against Elon Musk. He may have to pay the break fee but more likely will have to close or pay more than the break fee. He will make all kids of bullshit arguments and will try to sabotage his financing but he is a big dog in this litigation and the twitter board has done everything right.
Most likely outcome is that this gets settled at some point and Musk gets dinged a little but not a lot.
Here is the Twitter Chairman.
https://twitter.com/btaylor/status/1545526087089696768?s=21&t=XzDdQ1ZFY6jJuSUTNZqPgQ
Most Likely Outcome of Elon’s Twitter Foray
- Forced to consummate deal by Twitter board for original price
- Buys Twitter at lower price than originally agreed
- Breaks deal and pays $1 billion fee (or more)
- Breaks deal and pays less than $1 billion fee
0 voters
Personally think he gets off scot free, as usual.
In the words of Matt Levine, “this is not a thing.”
https://twitter.com/davidgura/status/1545518691407859712?s=21&t=XzDdQ1ZFY6jJuSUTNZqPgQ
I would probably vote that they settle and Musk pays more than the $1 billion break fee.
Updated poll accordingly and it deleted everyone’s votes, oops.
Yeah this smells like a settlement to me. Something between 1bil and difference of current value and former value
Can you imagine how painful it must have been to draft this letter?
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Pay-to-play, I’m sure that’ll change his mind yet again
Aren’t ~all corporations registered in Delaware for tax purposes?
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Never heard of a court of chancery and read it as “Delaware Court of chicanery”
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They’re all registered in Delaware so that their disputes get heard by the Delaware Court or Chancery.
It might as well be, lol.