Twitter Lawyers up to Force Through Musk Deal

Jul 11,2022
KingData News: Bloomberg reported on July 10 that the company has hired corporate law firm Wachtell, Lipton, Rosen & Katz and will bring the case to the Delaware Court of Chancery, a non-jury trial court that deals with corporate law in the state of Delaware. However, it’s unclear whether the potential lawsuit will eventually end up with Musk purchasing the platform, either at the previously agreed price, at a re-negotiated price, or not at all. Last week, Twitter chairman Bret Taylor pledged to pursue legal action against Musk for trying to pull out of the deal, stating the board is “committed to closing the transaction” as previously agreed and planned to pursue legal action “to enforce the merger agreement.”
This index provides an up-to-date account of Twitter acquisition proposed by Elon Musk.