Why Elon Musk Is Probably Going to Get Away With It
2 years, 5 months ago

Why Elon Musk Is Probably Going to Get Away With It

Slate  

This article is from Big Technology, a newsletter by Alex Kantrowitz. The court may order Musk to buy Twitter at the agreed-upon price—via a “specific performance” clause in the contract that forces it—but that’s an unusual step the court isn’t fond of taking. “They would only do it if they’re convinced there’s not an adequate remedy at law, such as monetary damages.” The court may be particularly hesitant to order Musk to close the deal because it understands he might not comply, a seemingly preposterous notion that somehow carries weight. “The problem with specific performance,” she said, “especially with Elon Musk, is that it’s unclear whether the order of the court would be obeyed.” The court could fine Musk for noncompliance daily, Berger said, but the fines would simply pile up on a ledger and might not result in any action. The Delaware court’s chancellor, Kathaleen McCormick, has forced mergers in the past, and has written that the court “has not hesitated to order specific performance.” But the risk of failing to get the specific performance order, and landing only $1 billion in damages, could make a settlement for more than $1 billion appealing for Twitter.

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History of this topic

Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges
Trending News
1 week, 5 days ago

Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges

CNN  

New York CNN — Elon Musk apparently has one last battle to wage with outgoing Securities and Exchange Commission Chairman Gary Gensler. Musk posted a letter sent from his attorney Alex Spiro to Gensler in which he said that the agency demanded that Musk agree within 48 hours to pay a fine related to his failure to disclose his initial …

What’s next in the legal battle over Elon Musk’s $100 billion pay deal
3 weeks ago

What’s next in the legal battle over Elon Musk’s $100 billion pay deal

Live Mint  

Elon Musk’s record-breaking Tesla compensation package has hit another roadblock, after a Delaware judge on Monday again rejected the pay deal, now worth nearly $100 billion. The company hadn’t sought to renegotiate a pay deal with Musk, which the board of directors identified as a risk to Tesla. If an appeal fails, board directors could craft a fresh compensation package …

Why is a US judge blocking Elon Musk’s $56 billion pay from Tesla?
3 weeks, 1 day ago

Why is a US judge blocking Elon Musk’s $56 billion pay from Tesla?

Firstpost  

Tesla CEO Elon Musk’s $56 billion performance-based pay package has been blocked by a Delaware judge for the second time, despite shareholder approval. File Image/Reuters A Delaware judge in the United States has upheld her earlier ruling to block Tesla CEO Elon Musk’s record-breaking $56 billion pay package, despite multiple attempts by Musk’s legal team and Tesla shareholders to reinstate …

Musk's $55.8 bn Tesla pay deal again rejected by US judge
3 weeks, 1 day ago

Musk's $55.8 bn Tesla pay deal again rejected by US judge

Deccan Chronicle  

Washington: A US judge on Monday upheld her decision to reject Elon Musk's massive $55.8 billion compensation package at Tesla, denying an attempt to restore the pay deal through a shareholder vote. In a court filing, Chancellor Kathaleen McCormick of Delaware's Court of Chancery ruled that Tesla's attempt to ratify Musk's compensation package through a June shareholder vote could not …

Elon Musk’s $56 billion Tesla pay package struck down again, Delaware Judge says board ‘improperly influenced…’
3 weeks, 1 day ago

Elon Musk’s $56 billion Tesla pay package struck down again, Delaware Judge says board ‘improperly influenced…’

Live Mint  

A US district judge has rejected Tesla chief Elon Musk's extravagant $56 billion pay package for a second time, according to a Bloomberg report. It added that Delaware Chancery Court Judge Kathaleen St. J. McCormick made the ruling on December 2, making it the second time that she has ruled against the same excessive pay package for Musk. Musk’s record-setting …

Delaware judge reaffirms ruling Delaware judge upholds ruling that Tesla must revoke Musk's multibillion-dollar pay package
Trending News
3 weeks, 1 day ago

Delaware judge reaffirms ruling Delaware judge upholds ruling that Tesla must revoke Musk's multibillion-dollar pay package

Firstpost  

The rulings came in a lawsuit filed by a Tesla stockholder who challenged Musk’s 2018 compensation package A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package. Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the …

Delaware judge rejects Elon Musk’s second bid to ram through $56bn pay package
3 weeks, 1 day ago

Delaware judge rejects Elon Musk’s second bid to ram through $56bn pay package

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A Delaware judge has …

US judge again rejects Elon Musk's $55.8 billion Tesla compensation package
3 weeks, 1 day ago

US judge again rejects Elon Musk's $55.8 billion Tesla compensation package

Hindustan Times  

A US judge on Monday upheld her decision to reject Elon Musk's massive $55.8 billion compensation package at Tesla, denying an attempt to restore the pay deal through a shareholder vote. A US court denied an attempt to reinstate the pay contract through a shareholder vote on Monday, upholding her judgement to reject Elon Musk's enormous $55.8 billion compensation package …

What is next for Musk after judge rules against him in Tesla pay case?
3 weeks, 1 day ago

What is next for Musk after judge rules against him in Tesla pay case?

Live Mint  

By Tom Hals WILMINGTON, Delaware, - Tesla cannot give Elon Musk a $56 billion compensation package despite a vote in support of the CEO's pay deal by the company's shareholders, a Delaware judge ruled on Monday. TESLA COULD PEAL THE RULING Musk and Tesla's board could appeal and try to reverse the ruling at the Delaware Supreme Court, a process …

Elon Musk loses $56 billion pay package in latest court ruling
3 weeks, 1 day ago

Elon Musk loses $56 billion pay package in latest court ruling

Salon  

A Delaware judge on Monday denied Tesla CEO Elon Musk his $58 billion pay plan, upholding her prior ruling that it was improperly granted. Judge Kathaleen McCormick, who ruled to void Musk’s pay package in January, said they only way the pay package could have been approved was due to Musk’s unilateral “control” over Tesla. Related Why tech billionaires dress …

Delaware judge reaffirms ruling that invalidated massive Tesla pay package for Elon Musk
3 weeks, 1 day ago

Delaware judge reaffirms ruling that invalidated massive Tesla pay package for Elon Musk

Associated Press  

— A Delaware judge has reaffirmed her ruling that Tesla must revoke Elon Musk’s multibillion-dollar pay package Chancellor Kathaleen St. Jude McCormick on Monday denied a request by attorneys for Musk and Tesla’s corporate directors to vacate her ruling earlier this year requiring the company to rescind the unprecedented pay package. Following the original court ruling, Tesla shareholders met in …

Elon Musk’s massive, multibillion-dollar Tesla pay package was blocked by a judge again
3 weeks, 2 days ago

Elon Musk’s massive, multibillion-dollar Tesla pay package was blocked by a judge again

CNN  

CNN — Elon Musk’s record-breaking pay package for serving as Tesla’s CEO was rejected by a Delaware court, despite being approved by Tesla shareholders at a June meeting. The pay package, now worth around $101 billion based on Tesla’s closing share price Monday, is made up of 303 million Tesla stock options. At the time, McCormick ruled in favor of …

Tesla CEO Wins Court Battle Over Social Media Post
1 month, 3 weeks ago

Tesla CEO Wins Court Battle Over Social Media Post

India TV News  

Tesla CEO Elon Musk was relieved in a court case related to his 2018 social media post. The case involved a tweet made on what was then known as Twitter during United Auto Workers organising efforts at a Tesla facility in Fremont, California. Musk tweeted against United Auto Workers, saying that he would vote against the union if they threatened …

Judge who nixed Musk’s pay package hears arguments on massive fee request from plaintiff lawyers
5 months, 2 weeks ago

Judge who nixed Musk’s pay package hears arguments on massive fee request from plaintiff lawyers

Associated Press  

— A Delaware judge heard arguments Monday over a massive and unprecedented fee request by lawyers who successfully argued that a massive and unprecedented pay package for Tesla CEO Elon Musk was illegal and should be voided. Attorneys for a Tesla stockholder who challenged Musk’s 2018 compensation package are asking Chancellor Kathaleen St. Jude McCormick to award them legal fees …

Tesla shareholders strongly support Elon Musk’s $44.9-billion pay package
6 months, 1 week ago

Tesla shareholders strongly support Elon Musk’s $44.9-billion pay package

LA Times  

Tesla shareholders voted to restore Chief Executive Elon Musk’s record $44.9-billion pay package that was thrown out by a Delaware judge earlier this year. Tesla shareholders voted Thursday to restore Chief Executive Elon Musk’s record $44.9-billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the …

Why Elon Musk needs lawyer approval to tweet about his own company Tesla
7 months, 3 weeks ago

Why Elon Musk needs lawyer approval to tweet about his own company Tesla

Hindustan Times  

The Supreme Court on Monday rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some social media posts that relate to Tesla, the electric vehicle company he leads. SpaceX, Twitter and electric car maker Tesla CEO Elon Musk reacts as he visits the Vivatech technology startups and innovation …

Supreme Court rejects Musk appeal over tweets that must be approved by Tesla
7 months, 3 weeks ago

Supreme Court rejects Musk appeal over tweets that must be approved by Tesla

The Hindu  

The Supreme Court has rejected an appeal from Elon Musk over a settlement with securities regulators that requires him to get approval in advance of some tweets that relate to Tesla, the electric vehicle company he leads. The case stems from tweets Musk posted in 2018 in which he claimed he had secured funding to take Tesla private. It also …

Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock
9 months, 3 weeks ago

Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock

Associated Press  

— The lawyers who successfully argued that a massive pay package for Tesla CEO Elon Musk was illegal and should be voided have asked the presiding judge to award them company stock worth $5.6 billion as legal fees. “We are ‘prepared to eat our cooking,’” the Tesla plaintiff attorneys wrote in the court filing, arguing the sum is justified because …

Why has a court blocked Elon Musk’s $56bn Tesla pay?
10 months, 3 weeks ago

Why has a court blocked Elon Musk’s $56bn Tesla pay?

Al Jazeera  

A Delaware judge has scrapped a $55.8bn compensation package for Tesla boss Elon Musk after years of legal arguments about his pay. Here’s what we know about Musk’s pay deal and why it was controversial: What was in Musk’s Tesla pay package? The deal awarded Musk stock worth about 1 percent of Tesla’s equity each time the company achieved one …

Tesla $56bn payout that made Elon Musk one of the richest was illegal, not fair to shareholders, rules judge
10 months, 3 weeks ago

Tesla $56bn payout that made Elon Musk one of the richest was illegal, not fair to shareholders, rules judge

Firstpost  

A judge in Delaware, US has invalidated the $55.8 billion pay package granted to Elon Musk by Tesla in 2018. Judge Kathaleen McCormick ruled that the approval of the pay package by the Tesla board was “deeply flawed.” Elon Musk, Tesla’s CEO and a major shareholder took to his platform X to express his disappointment in the judgement, advising against …

Elon Musk pay package from Tesla denied by Delaware judge
10 months, 3 weeks ago

Elon Musk pay package from Tesla denied by Delaware judge

Associated Press  

— Elon Musk is not entitled to a landmark compensation package awarded by Tesla’s board of directors that is potentially worth more than $55 billion, a Delaware judge ruled Tuesday. He later added, “I recommend incorporating in Nevada or Texas if you prefer shareholders to decide matters.” AP AUDIO: Elon Musk cannot keep Tesla pay package worth more than $55 …

Elon Musk sues Wachtell law firm to recoup fees from Twitter buyout
1 year, 5 months ago

Elon Musk sues Wachtell law firm to recoup fees from Twitter buyout

The Hindu  

Elon Musk has sued the elite law firm Wachtell, Lipton, Rosen & Katz to recover most of a $90 million fee it received from Twitter for defeating his bid to walk away from his $44 billion buyout of the social media company. Musk accused Wachtell of exploiting Twitter by accepting, in the final days before the Oct. 27, 2022, buyout …

Musk didn't defraud investors with 2018 Tesla tweets: jury
1 year, 10 months ago

Musk didn't defraud investors with 2018 Tesla tweets: jury

The Hindu  

A jury on Friday decided Elon Musk didn't defraud investors with his 2018 tweets about electric automaker Tesla in a proposed deal that quickly unravelled and raised questions about whether the billionaire had misled investors. — Elon Musk February 3, 2023 Musk's decision to break away from his other responsibilities to sit in on the closing arguments even though he …

'Elon Musk didn't deceive investors,' says jury over 2018 Tesla tweets
1 year, 10 months ago

'Elon Musk didn't deceive investors,' says jury over 2018 Tesla tweets

Hindustan Times  

A jury on Friday decided Elon Musk didn’t deceive investors with his 2018 tweets about electric automaker Tesla in a proposed deal that quickly unraveled and raised questions about whether the billionaire had misled investors. Nicholas Porritt, an attorney who represented aggrieved Tesla investors, said he was disappointed after urging the jurors in his closing arguments to rebuke Musk for …

Jury Clears Elon Musk Of Wrongdoing Related To 2018 Tesla Tweets
1 year, 10 months ago

Jury Clears Elon Musk Of Wrongdoing Related To 2018 Tesla Tweets

Huff Post  

LOADING ERROR LOADING SAN FRANCISO — A jury has decided Elon Musk didn’t deceive investors with tweets in 2018. The trial pitted Tesla investors represented in a class-action lawsuit against Musk, who is CEO of both the electric automaker and the Twitter service he bought for for $44 billion a few months ago. As he sat stoically in court, Elon …

Musk is ‘Teflon Elon’ once again as jury sides with him over ‘funding secured’ tweet
1 year, 10 months ago

Musk is ‘Teflon Elon’ once again as jury sides with him over ‘funding secured’ tweet

LA Times  

Elon Musk, right, leaves a federal courthouse on Friday in San Francisco. A high-profile trial focused on 2018 tweets about the financing for a Tesla buyout that never happened drew a surprise spectator for Friday’s final arguments — Elon Musk, the billionaire who is being accused of misleading investors with his usage of the Twitter service he now owns. Friday’s …

Musk’s ‘Funding secured’ tweet cost Tesla investors $12 billion, jury told
1 year, 10 months ago

Musk’s ‘Funding secured’ tweet cost Tesla investors $12 billion, jury told

LA Times  

Elon Musk has argued in court that his tweeted claim to have “funding secured” to take Tesla private at $420 per share was “absolutely truthful.” Tesla investors lost $12 billion over 10 days as a result of Elon Musk’s famous tweet in 2018 that he had “funding secured” to take the company private, a witness testified at a trial over …

Elon Musk’s mysterious ways on display in Tesla tweet trial
1 year, 10 months ago

Elon Musk’s mysterious ways on display in Tesla tweet trial

Associated Press  

SAN FRANCISCO — Elon Musk’s enigmatic personality and unconventional tactics are emerging as key exhibits in a trial revolving around one of his most polarizing pursuits — tweeting. THE TROUBLESOME TWEETS The crux of the case hinges on an Aug. 7, 2018, tweet in which Musk declared “funding secured” to take Tesla private. Musk abruptly posted the tweet minutes before …

Elon Musk's Next Drama: A Trial Over His Tweets About Tesla
1 year, 11 months ago

Elon Musk's Next Drama: A Trial Over His Tweets About Tesla

Huff Post  

LOADING ERROR LOADING SAN FRANCISCO — While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn’t. Musk’s tweets back then fueled a rally in Tesla’s stock price that abruptly ended a week later, after it became apparent that he didn’t have the funding …

Elon Musk's next drama: a trial over his tweets about Tesla
1 year, 11 months ago

Elon Musk's next drama: a trial over his tweets about Tesla

The Hindu  

While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn't. Mr. Musk's tweets back then fuelled a rally in Tesla's stock price that abruptly ended a week later, after it became apparent that he didn't have the funding for a buyout after all. …

Elon Musk’s next drama: a trial over his tweets about Tesla
1 year, 11 months ago

Elon Musk’s next drama: a trial over his tweets about Tesla

Associated Press  

SAN FRANCISCO — While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn’t. Musk’s tweets back then fueled a rally in Tesla’s stock price that abruptly ended a week later, after it became apparent that he didn’t have the funding for a buyout …

Elon Musk’s next drama: A trial over his tweets on Tesla
1 year, 11 months ago

Elon Musk’s next drama: A trial over his tweets on Tesla

Al Jazeera  

Trial on Tesla boss Musk’s old tweets that he had raised money to take the auto firm private is set to start on Tuesday. Musk’s tweets back then fuelled a rally in Tesla’s stock price that abruptly ended a week later, after it became apparent that he did not have the funding for a buyout after all. Chen dealt Musk …

Elon Musk rebuffed in bid to move Tesla tweet trial to Texas
1 year, 11 months ago

Elon Musk rebuffed in bid to move Tesla tweet trial to Texas

The Hindu  

A federal judge on Friday rejected Tesla CEO Elon Musk's bid to move or delay a trial over a misleading tweet about a potential buyout of the electric automaker, setting the stage for the mercurial billionaire to be thrust into a legal drama amid the turmoil of his Twitter takeover. Musk's attorneys last week asked Chen to transfer the trial …

Elon Musk rebuffed in bid to move Tesla tweet trial to Texas
1 year, 11 months ago

Elon Musk rebuffed in bid to move Tesla tweet trial to Texas

Associated Press  

SAN FRANCISCO — A federal judge on Friday rejected Tesla CEO Elon Musk’s bid to move or delay a trial over a misleading tweet about a potential buyout of the electric automaker, setting the stage for the mercurial billionaire to be thrust into a legal drama amid the turmoil of his Twitter takeover. Musk’s attorneys last week asked Chen to …

Investors mock Elon Musk’s bid to move Tesla buyout trial
1 year, 11 months ago

Investors mock Elon Musk’s bid to move Tesla buyout trial

Associated Press  

SAN FRANCISCO — Lawyers for Tesla shareholders suing the electric vehicle maker’s CEO Elon Musk over a misleading tweet are urging a federal judge to reject the billionaire’s request to move an upcoming trial to Texas from California. But in a Wednesday filing, the Tesla shareholders’ attorneys asserted there aren’t any legal grounds to move the upcoming trial that revolves …

Elon Musk polls Twitter users about whether he should step down
2 years ago

Elon Musk polls Twitter users about whether he should step down

The Hindu  

Elon Musk is asking Twitter’s users to decide if he should stay in charge of the social media platform after acknowledging he made a mistake Sunday in launching new speech restrictions that banned mentions of rival social media websites. In yet another drastic policy change, Twitter had announced that users will no longer be able to link to Facebook, Instagram, …

Elon Musk Teases Twitter Future Without Him Running The Show
2 years, 1 month ago

Elon Musk Teases Twitter Future Without Him Running The Show

Huff Post  

LOADING ERROR LOADING NEW YORK — Billionaire Elon Musk, who just took over as the chief executive at Twitter after buying the company, said he does not want to be the CEO of any company. Musk, who also heads Tesla and SpaceX, said Twitter will be much more engineering-driven, with employees who write “great code” comprising the majority of the …

Elon Musk is already throwing the kitchen sink at it
2 years, 1 month ago

Elon Musk is already throwing the kitchen sink at it

Hindustan Times  

Otherwise living a very specific purpose in its existence. The visuals of Elon Musk walking into the Twitter headquarters holding what looks like a fairly heavy kitchen sink, say a lot without a word being said. Two ways of looking at it – letting it sink in, as Musk hopes, that the Twitter deal is finally done and dusted; and …

Musk-Twitter countdown to close $44 billion deal begins
2 years, 1 month ago

Musk-Twitter countdown to close $44 billion deal begins

Live Mint  

After months of “will they or won’t they,” Elon Musk is running up against a court-ordered deadline to deliver on his promise to buy Twitter Inc. for $44 billion. And Musk already seems to be settling in: He changed his profile descriptor on the platform to “Chief Twit,” showed up at Twitter’s San Francisco headquarters Wednesday and will be addressing …

Musk could buy Twitter this week. Here’s what to know ahead of a key deadline
2 years, 1 month ago

Musk could buy Twitter this week. Here’s what to know ahead of a key deadline

Live Mint  

The monthslong saga over Elon Musk’s bid to buy Twitter Inc. could come to a close this week with a deadline looming for the parties to complete the $44 billion takeover. If Mr. Musk doesn’t close the deal by the deadline, the litigation would resume, said Eric Talley, a professor at Columbia Law School. And, if Mr. Musk tried to …

Twitter deal: Time is running out for Elon Musk; he must do this or face trial
2 years, 1 month ago

Twitter deal: Time is running out for Elon Musk; he must do this or face trial

Live Mint  

Elon Musk has until October 27 at 5 PM ET to complete the $44 billion acquisition of Twitter, so time is running out. The Tesla CEO is currently under investigation by US federal authorities in relation to his $44-billion acquisition of Twitter, according to media sources citing a court filing by the microblogging platform. Without going into specifics, Twitter stated …

Twitter deal | Elon Musk says he is excited despite overpaying
2 years, 2 months ago

Twitter deal | Elon Musk says he is excited despite overpaying

The Hindu  

Elon Musk on Wednesday said he was excited about his pending acquisition of Twitter Inc., although he and other investors were overpaying for the social media company. Tesla, with a market cap now under $700 billion, could be worth more than the combined value of Apple Inc's $2.3 trillion and oil producer Saudi Aramco's $2.1 trillion, he said. Musk has …

Twitter locks employees’ accounts in anticipation of deal, report says
2 years, 2 months ago

Twitter locks employees’ accounts in anticipation of deal, report says

The Hindu  

Twitter Inc. has frozen equity award accounts for employees days ahead of the deadline to close its deal with Elon Musk, Bloomberg News reported on Tuesday, a sign that the social media firm hopes the deal will be completed. The social media company updated its employee FAQ page this week to alert staff they won't be able to access or …

Elon Musk becomes perfume salesman after 'failed' Twitter deal? Know what Tesla CEO has to say!
2 years, 2 months ago

Elon Musk becomes perfume salesman after 'failed' Twitter deal? Know what Tesla CEO has to say!

India TV News  

Tesla CEO Elon Musk and his unapologetic tweets often land him in trouble. Musk even changed his Twitter bio to "Perfume Salesman." Last week, A Delaware court delayed Elon Musk's Twitter trial to allow the Tesla CEO more time to complete his USD 44 billion purchase of the social media platform, Variety reported. "If the transaction does not close by …

Elon Musk: Twitter CEO Parag Agrawal, others attempted to destroy evidence
2 years, 2 months ago

Elon Musk: Twitter CEO Parag Agrawal, others attempted to destroy evidence

Live Mint  

Twitter officials ordered whistleblower Peiter Zatko to destroy evidence of their missteps, Elon Musk alleges. According to released court documents, Zatko, the former head of security at Twitter, said that as part of a severance agreement, company administrators ordered him to destroy 10 handwritten notebooks and delete 100 computer files. “Twitter’s attempt to buy Mr. Zatko’s silence failed, but Twitter …

First Principles | The jury’s out on @elonmusk vs @paraga
2 years, 2 months ago

First Principles | The jury’s out on @elonmusk vs @paraga

Hindustan Times  

As things stand, Twitter may either soon shut down or end up becoming an obnoxious place as a company. Speaking of twist, here’s another one: While Twitter’s investor relations team has acknowledged that it has received word from Musk’s lawyers about their intent to pay up, we don’t know if Twitter’s board, led by the 38-year-old CEO Parag Agrawal, will …

Musk lawyers say Twitter is spurning new bid for company
2 years, 2 months ago

Musk lawyers say Twitter is spurning new bid for company

The Hindu  

Elon Musk’s lawyers said Thursday that Twitter is refusing to accept the Tesla billionaire’s renewed $44 billion bid for the social media company and are asking a Delaware court to halt an upcoming trial. “Astonishingly, they have insisted on proceeding with this litigation, recklessly putting the deal at risk and gambling with their stockholders’ interests.” Since Twitter sued Mr. Musk …

Judge delays Twitter trial, gives Musk time to seal buyout
2 years, 2 months ago

Judge delays Twitter trial, gives Musk time to seal buyout

Associated Press  

A judge has delayed a looming trial between Twitter and Elon Musk, giving the Tesla CEO more time to close his $44 billion deal to buy the company after months spent fighting to get out of it. Twitter had asked McCormick earlier Thursday to proceed with the trial, saying the billionaire refuses to accept the “contractual obligations” of his April …

Judge delays Twitter trial, gives Musk time to seal buyout
2 years, 2 months ago

Judge delays Twitter trial, gives Musk time to seal buyout

The Hindu  

A judge has delayed a looming trial between Twitter and Elon Musk, giving the Tesla CEO more time to close his $44 billion deal to buy the company after months spent fighting to get out of it. The company has been seeking a court order to force the completion of the merger and said it intends to close the deal …

EXPLAINER: What’s next in Musk’s epic battle with Twitter?
2 years, 2 months ago

EXPLAINER: What’s next in Musk’s epic battle with Twitter?

Associated Press  

Elon Musk’s monthslong tussle with Twitter took another twist this week when the Tesla billionaire seemed to return to where he started in April — offering to buy the company for $44 billion. Twitter says it intends to close the deal at the agreed-upon price, but the two sides are still booked for an Oct. 17 trial in Delaware over …

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