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> Twitter can be made whole by a damage award, to wit, via compensatory damages equal to the difference between the amount of money Musk offered and the value o
by tveita 4y ago
> Twitter can be made whole by a damage award, to wit, via compensatory damages equal to the difference between the amount of money Musk offered and the value of 100% of Twitter stock at the time damages are assessed.
This sounds difficult to assess - the possibility of damages being awarded should itself be affecting the stock price. E.g. if you were 100% assured of a payout of $52.40 - stock price, the stock should trade for $52.40... but then the damages would be $0.
- dragonwriter 4y agoCourts routinely assess damages things for things like what profits the harmed party would have been made but for the wrongdoing which require projections of counterfactuals. By comparison, “$44 billion less however much the sum of all Twitter stock was worth at some designated time” is...not particularly difficult.