Elon Musk, Twitter & Contract Law: Could He Have Bailed?

Nov 1, 2022 · Throughout Elon Musk’s tumultuous courtship with Twitter, that eventually resulted in his purchasing the company in late October for $44 billon, one legal qu...

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Elon Musk, Twitter & Contract Law: Could He Have Bailed?

4 weeks from now

Nov 1, 2022 · Throughout Elon Musk’s tumultuous courtship with Twitter, that eventually resulted in his purchasing the company in late October for $44 billon, one legal qu...

youtube.com

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Bloomberg Law On LinkedIn: Elon Musk, Twitter & Contract Law: …

4 weeks from now

Throughout Elon Musk’s tumultuous courtship with Twitter, which eventually resulted in his purchasing the company last week for $44 billion, one legal question…

linkedin.com

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Musk And Twitter Lawyer Up For Battle In Delaware Court | TIME

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Jul 11, 2022 · N ow that Elon Musk has decided that he doesn’t want to buy Twitter Inc. after all, he can’t just walk away from the $44 billion contract. The billionaire co-founder of Tesla Inc. …

time.com

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Twitter Tells Musk His Attempt To Bail On $44 Billion ... - Engadget

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Jul 12, 2022 · Twitter’s lawyers have hit back at Elon Musk for his attempt to bail on his $44 billion takeover of the company. The company said Friday, immediately following Musk’s official …

engadget.com

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Musk Seems To Have Early Edge In Twitter Deal Manipulation Case

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May 12, 2023 · Allegations that Elon Musk sought to drive down the price of his $44 billion deal for Twitter Inc. by publicly bashing the company received a skeptical reception Friday from the …

bloomberglaw.com

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Twitter Sues Elon Musk To Compel $44 Billion Merger Deal - Law …

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Jul 12, 2022 · Twitter followed through on its promise to sue billionaire Elon Musk on Tuesday, lambasting the Tesla co-founder’s “public spectacle” and asking a court to compel the $44 …

lawandcrime.com

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Musk Sues Law Firm Because He’s Mad That Twitter Paid $90 Million …

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Jul 7, 2023 · The X Corp. lawsuit describes how the payment was allegedly approved and paid before Musk could stop it: In the middle of the board's final October 27 meeting, former Twitter …

arstechnica.com

FAQs about Elon Musk, Twitter & Contract Law: Could He Have Bailed? Coupon?

Is Elon Musk trying to bail on his $44 billion deal?

Elon Musk will try to bail on his $44 billion agreement to buy Twitter, claiming that the social media company hasn't met its contractual obligations, according to a statement filed with the U.S. Securities & Exchange Commission. ...

Did Elon Musk opt out of the Twitter deal?

Elon Musk made headlines when he offered to buy Twitter in April 2022. Not long after, he implied publicly that he wanted out of the deal. Then, his lawyers claimed Musk could opt out of the Agreement and Plan of Merger because Twitter wouldn’t disclose its true number of active users. ...

Is Elon Musk free to change his mind about Twitter?

Having mounted a public spectacle to put Twitter in play, and having proposed and then signed a seller-friendly merger agreement, Musk apparently believes that he — unlike every other party subject to Delaware contract law — is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and ...

Was there a breach of contract between Elon Musk and Twitter?

Then, his lawyers claimed Musk could opt out of the Agreement and Plan of Merger because Twitter wouldn’t disclose its true number of active users. According to their interpretation, this constituted a breach of contract. But questions remain: Was there really a breach? What is Elon Musk doing by getting his lawyers to make these claims? ...

Will Elon Musk file a legal response to Twitter?

Expect Musk to file a legal response to Twitter in the meantime, and possibly to counter-sue. Chancery Court finds for Twitter, and forces Musk to complete his purchase at the existing terms and conditions. Chancery Court finds for Musk and lets him walk. ...

Did Elon Musk pay a bill on Twitter?

Musk's Twitter apparently hasn't paid many bills since then, as the company is facing more than 20 lawsuits over allegedly unpaid bills for rent and various services. Twitter is also facing lawsuits from ex-employees over unpaid severance and bonuses, and a lawsuit from former CEO Parag Agrawal and other ex-executives over unpaid reimbursements. ...