Twitter: We need just four days to prove that Musk should honour buyout agreement

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Law Law Headlines News

Unlike some states where it can take several years to get a case to trial, Delaware Chancery Court generally moves quicker

witter wants a lightning-quick trial to resolve its claim that billionaire Elon Musk wrongfully cancelled his proposed $44bn buyout of the social-media platform.

. Chancery judges — business law experts — are known for being able to parse through the legal thickets of complex merger and acquisition disputes more quickly and thoroughly than other US courts. Even complex business cases are often argued before a judge within six or seven months of being filed. Musk and his lawyers didn’t immediately return emails Tuesday seeking comment on both the suit and whether the case can be tried on Twitter’s schedule. Musk did issue a tweet Tuesday, saying: “Oh the irony lol.”

Twitter’s legal team argues it can easily show in less than a week of court time that Musk didn’t have legitimate grounds to nix the $54.20-per-share buyout. Twitter shares closed at $34.06 on Tuesday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in LAW

Law Law Latest News, Law Law Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Twitter: We need just four days to prove that Musk should honour buyout agreementUnlike some states where it can take several years to get a case to trial, Delaware Chancery Court generally moves quicker The man’s bored . You guys are is entertainment.
Source: BDliveSA - 🏆 12. / 63 Read more »

Twitter fires broadside at Musk as legal battle loomsTwitter fired back at Elon Musk, accusing the world's richest person of 'knowingly' breaching an agreement to buy the social media firm.
Source: TechCentral - 🏆 8. / 71 Read more »

CORPORATE COURT BATTLE: Twitter sues to force Elon Musk to consummate $44bn buyoutMusk abandoned the deal on Friday, citing in part concerns about the number of fake accounts among Twitter users.
Source: dailymaverick - 🏆 3. / 84 Read more »