Twitter-Musk takeover dispute heading for an October trial

look for twitter, this is *** nightmare scenario and now the stock is going to be under pressure with the must deal done because this is gonna be *** clear headwinds going forward, employee turnover, advertiser issues and really credibility. I think it's gonna be viewed at least in the near term damaged goods. From *** public market perspective airing dirty laundry in public, in the courts, in Delaware, I mean that's really gonna be, I think for all the world to see now, if it's 5% or less, which Twitter has claimed, then ultimately they're proven right must likely has to pay some punitive damages including the breakup, faith and Twitter really ultimately wins in that situation. Problem is is that if this starts to ultimately cascade and the twitter body issue is much bigger and that comes out in court. I think that really calls into question *** lot of issues about the business model, modernization and others and that's why from *** twitter board perspective backs against the wall and the last thing they ever wanted to be was in *** court proceeding with the richest person in the world, Twitter legally could force *** sale to go through. I think if you could historically likely it's in some sort of settlement, but but no doubt, I mean, twitter is gonna sharpen the knives going in

코인카지노

Tesla CEO Elon Musk lost his fight to delay Twitter맥스카지노�s lawsuit against him as a Delaware judge on Tuesday set an October trial, citing the 맥스카지노�cloud of uncertainty맥스카지노� over the social media company after the billionaire backed out of a deal to buy it.맥스카지노�Delay threatens irreparable harm,맥스카지노� said Chancellor Kathaleen St. Jude McCormick, the head judge of Delaware맥스카지노�s Court of Chancery, which handles many high-profile business disputes. 맥스카지노�The longer the delay, the greater the risk.맥스카지노�Twitter had asked for an expedited trial in September, while Musk맥스카지노�s team called for waiting until early next year because of the complexity of the case. McCormick said Musk맥스카지노�s team underestimated the Delaware court맥스카지노�s ability to 맥스카지노�quickly process complex litigation.맥스카지노�Twitter is trying to force the billionaire to make good on his April promise to buy the social media giant for $44 billion 맥스카지노� and the company wants it to happen quickly because it says the ongoing dispute is harming its business.Musk, the world맥스카지노�s richest man, pledged to pay $54.20 a share for Twitter, but informed the company in July that he wants to back out of the agreement.맥스카지노�It맥스카지노�s attempted sabotage. He맥스카지노�s doing his best to run Twitter down,맥스카지노� said attorney William Savitt, representing Twitter before McCormick on Tuesday. The hearing was held virtually after McCormick said she tested positive for COVID-19.Musk has claimed the company has failed to provide adequate information about the number of fake, or 맥스카지노�spam bot,맥스카지노� Twitter accounts, and that it has breached its obligations under the deal by firing top managers and laying off a significant number of employees. Musk's team expects more information about the bot numbers to be revealed in the trial court discovery process, when both sides must hand over evidence.Twitter argues that Musk맥스카지노�s reasons for backing out are just a cover for buyer's remorse after agreeing to pay 38% above Twitter맥스카지노�s stock price shortly before the stock market stumbled and shares of the electric-car maker Tesla, where most of Musk맥스카지노�s personal wealth resides, lost more than $100 billion of their value.Savitt said the contested merger agreement and Musk맥스카지노�s tweets disparaging the company were inflicting harm on the business and questioned Musk맥스카지노�s request for a delayed trial, asking 맥스카지노�whether the real plan is to run out the clock.맥스카지노�맥스카지노�He맥스카지노�s banking on wriggling out of the deal he signed,맥스카지노� Savitt said.But the idea the Tesla CEO is trying to damage Twitter is 맥스카지노�preposterous. He has no interest in damaging the company,맥스카지노� said Musk attorney Andrew Rossman, noting he is Twitter맥스카지노�s second largest shareholder with a 맥스카지노�far larger stake맥스카지노� than the company's entire board of directors.Savitt emphasized the importance of an expedited trial starting in September for Twitter to be able to make important business decisions affecting everything from employee retention to relationships with suppliers and customers.Rossman said more time is needed because it is 맥스카지노�one of the largest take-private deals in history맥스카지노� involving a 맥스카지노�company that has a massive amount of data that has to be analyzed. Billions of actions on their platform have to be analyzed.맥스카지노�

맥스카지노�Delay threatens irreparable harm,맥스카지노� said Chancellor Kathaleen St. Jude McCormick, the head judge of Delaware맥스카지노�s Court of Chancery, which handles many high-profile business disputes. 맥스카지노�The longer the delay, the greater the risk.맥스카지노�

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Twitter had asked for an expedited trial in September, while Musk맥스카지노�s team called for waiting until early next year because of the complexity of the case. McCormick said Musk맥스카지노�s team underestimated the Delaware court맥스카지노�s ability to 맥스카지노�quickly process complex litigation.맥스카지노�

Twitter is trying to force the billionaire to make good on his April promise to buy the social media giant for $44 billion 맥스카지노� and the company wants it to happen quickly because it says the ongoing dispute is harming its business.

Musk, the world맥스카지노�s richest man, pledged to pay $54.20 a share for Twitter, but informed the company in July that he wants to back out of the agreement.

맥스카지노�It맥스카지노�s attempted sabotage. He맥스카지노�s doing his best to run Twitter down,맥스카지노� said attorney William Savitt, representing Twitter before McCormick on Tuesday. The hearing was held virtually after McCormick said she tested positive for COVID-19.

Musk has claimed the company has failed to provide adequate information about the number of fake, or 맥스카지노�spam bot,맥스카지노� Twitter accounts, and that it has breached its obligations under the deal by firing top managers and laying off a significant number of employees. Musk's team expects more information about the bot numbers to be revealed in the trial court discovery process, when both sides must hand over evidence.

Twitter argues that Musk맥스카지노�s reasons for backing out are just a cover for buyer's remorse after agreeing to pay 38% above Twitter맥스카지노�s stock price shortly before the stock market stumbled and shares of the electric-car maker Tesla, where most of Musk맥스카지노�s personal wealth resides, lost more than $100 billion of their value.

Savitt said the contested merger agreement and Musk맥스카지노�s tweets disparaging the company were inflicting harm on the business and questioned Musk맥스카지노�s request for a delayed trial, asking 맥스카지노�whether the real plan is to run out the clock.맥스카지노�

맥스카지노�He맥스카지노�s banking on wriggling out of the deal he signed,맥스카지노� Savitt said.

But the idea the Tesla CEO is trying to damage Twitter is 맥스카지노�preposterous. He has no interest in damaging the company,맥스카지노� said Musk attorney Andrew Rossman, noting he is Twitter맥스카지노�s second largest shareholder with a 맥스카지노�far larger stake맥스카지노� than the company's entire board of directors.

Savitt emphasized the importance of an expedited trial starting in September for Twitter to be able to make important business decisions affecting everything from employee retention to relationships with suppliers and customers.

Rossman said more time is needed because it is 맥스카지노�one of the largest take-private deals in history맥스카지노� involving a 맥스카지노�company that has a massive amount of data that has to be analyzed. Billions of actions on their platform have to be analyzed.맥스카지노�

Twitter-Musk takeover dispute heading for an October trial

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