3 ms·

This was linked in the comments, worth a read: https://twitter.com/AkivaMCohen/status/1598487532764798983 https://twitter.com/AkivaMCohen/status/159848753276479

This was linked in the comments, worth a read: https://twitter.com/AkivaMCohen/status/1598487532764798983 https://twitter.com/AkivaMCohen/status/1598487532764798983

fbdab103 3y ago
This lawyer is maximum snark. Which must mean he is an idiot or supremely confident the law is on his side. "...Twitter then communicated that promise to each of its employees by email and in its Acquisition FAQ, and detailed in writing what they could expect in severance if they statyed through the merger and were laid off: a minimum of two months of salary, accelerated vesting of their RSUs (paid in cash at $54.20 a share), payment of their pro-rated bonuses, and continued contribution to their healthcare. Instead, the severance and benefits you've since offered in various iterations - in your first communication to the laid of employees in your FAQ communications to employees who didn't "click the button" in your second round of layoffs - falls far, far short of your promises: one month of salary, no bonus, no accelerated vest, and no contribution to healthcare." "...The doctrine of promissory estoppel means that Twitter can't promise its employees a severance package to get them to stay at the company through the merger, and then renege on that promise once they do. Your insistence on including that "no third party beneficiaries" clause in Section 6.9(e) suggests that you were always planning on playing this game, so we'll be including a cause of action for fraud in our arbitration demands - and seeking punitive demands on top of pre- and post-judgement interest".
- p_j_w 3y ago
  "And to be clear, Elon, you will lose, and you know it." Holy shit, the spice levels here are off the charts. This isn't the level of swagger I expect to read in a legal letter.

3 ms·

This was linked in the comments, worth a read: https://twitter.com/AkivaMCohen/status/1598487532764798983 https://twitter.com/AkivaMCohen/status/159848753276479

by user_named 3y ago

This was linked in the comments, worth a read: https://twitter.com/AkivaMCohen/status/1598487532764798983 https://twitter.com/AkivaMCohen/status/1598487532764798983

fbdab103 3y ago
This lawyer is maximum snark. Which must mean he is an idiot or supremely confident the law is on his side. "...Twitter then communicated that promise to each of its employees by email and in its Acquisition FAQ, and detailed in writing what they could expect in severance if they statyed through the merger and were laid off: a minimum of two months of salary, accelerated vesting of their RSUs (paid in cash at $54.20 a share), payment of their pro-rated bonuses, and continued contribution to their healthcare. Instead, the severance and benefits you've since offered in various iterations - in your first communication to the laid of employees in your FAQ communications to employees who didn't "click the button" in your second round of layoffs - falls far, far short of your promises: one month of salary, no bonus, no accelerated vest, and no contribution to healthcare." "...The doctrine of promissory estoppel means that Twitter can't promise its employees a severance package to get them to stay at the company through the merger, and then renege on that promise once they do. Your insistence on including that "no third party beneficiaries" clause in Section 6.9(e) suggests that you were always planning on playing this game, so we'll be including a cause of action for fraud in our arbitration demands - and seeking punitive demands on top of pre- and post-judgement interest".
- p_j_w 3y ago
  "And to be clear, Elon, you will lose, and you know it." Holy shit, the spice levels here are off the charts. This isn't the level of swagger I expect to read in a legal letter.