Twitter has filed a lawsuit against Elon Musk for failing to follow through with the billionaire entrepreneur's proposed $44 billion acquisition.
Twitter has filed a lawsuit against Elon Musk for failing to follow through with $44 billion acquisition.made public on Tuesday evening.of the agreement, stating concern that there are bot and spam accounts on the platform. As a result, Twitter hired Watchell, Lipton, Rosen & Katz LLP in preparation for the lawsuit, which was filed in the US state of Delaware.
"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 walk away," the lawsuit reads.
© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Anushree covers how U.S. businesses and corporations are moving into crypto. She has written about business and tech for Bloomberg, Newsweek, Insider, and others.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk hits back at Twitter's court threat in the most Elon Musk way possibleElon Musk mocked Twitter's efforts to force him to purchase the company -- in a tweet, of course.
Read more »
Elon Musk Says He’s Terminating $44 Billion Deal To Buy TwitterElon Musk says he is terminating his $44 billion agreement to purchase Twitter, claiming failure to comply with the merger agreement, with Twitter now planning on taking legal action to enforce the deal. What do you think?
Read more »
Twitter Shares Sink 7% in Premarket Trading After Elon Musk Terminates $44 Billion DealTwitter shares sank sharply in early premarket trade after Elon Musk said he is trying to terminate his $44 billion takeover of the company.
Read more »
Elon Musk Shares Meme About Twitter Takeover, on Twitter, as Social Network Prepares to Sue | CoinMarketCapReports suggest Twitter's hired Wachtell, Lipton, Rosen & Katz to handle this upcoming legal battle — and early this week, a lawsuit will be filed with the Delaware Court of Chancery.
Read more »
Twitter Calls BS on Elon Musk Trying to Weasel Out of $44 Billion DealMusk said he wanted to help purge bots on Twitter before citing it as a reason not to complete the deal.
Read more »
Twitter lawyers up to sue Elon Musk over broken buyout deal: reportTwitter is lawyering up to prepare to sue Tesla and SpaceX CEO Elon Musk over his move to drop the $44 billion bid to purchase the company over fake account issues.
Read more »