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This is going to Delaware Chancery court, and if his ridiculous claims hold it does turn upside down long-held general principles of mergers and acquisitions th
by strangeloops85 4y ago
This is going to Delaware Chancery court, and if his ridiculous claims hold it does turn upside down long-held general principles of mergers and acquisitions that would affect.. everyone. I don't think the court will side with him on this. In the past, they have forced mergers to go through..
- hwers 4y agoSo embarrassing if he ends up being forced to own it and everyone knows he tried to back out.
- metadat 4y agoEmbarrassment is the least of his problems at this point.
- x86x87 4y ago
- encryptluks2 4y agoAnd if the SEC steps in regarding his selloff of Tesla stock puts him in jail and he gets sued by their shareholders and Twitter's too.
- metadat 4y agoHow much foot dragging does the Delaware Chancery Court usually tolerate in these sorts of situations? Asking for a friend xD
- DelaneyM 4y agoVery little, actually. The Delaware Chancery Court is arguably the US's most efficient judicial institution. They don't mess around. I wouldn't be surprised if it's concluded by EOY. If Elon wanted to drag it out he'd have waited the full 6mo review period before making his intent official, and Twitter clearly wants it done with. The only way I see this dragging out is if shareholder lawsuits from Elon's filing "mistakes" or SEC actions (for any of a dozen good reasons when Elon's involved) muddy the waters.