Breaking Legal News & Current Law Headlines | Daily Legal Briefing
  • Home
  • Hot Topics
  • Breaking
  • Business
  • Big Law
  • Small Law
  • Law School
  • Legal Tech
No Result
View All Result
No Result
View All Result
Breaking Legal News & Current Law Headlines | Daily Legal Briefing
No Result
View All Result
Home Legal Tech

Elon Musk Twitter Takeover Approved In Last Formality Before Trial

Daily Legal Briefing by Daily Legal Briefing
September 13, 2022
in Legal Tech
0
Elon Musk Takes Time Out From Failing To Buy Twitter To Fail To Build His Own Law Firm
4
SHARES
32
VIEWS
Share on FacebookShare on Twitter


TIME Person of the Year Elon Musk

(Photo by Theo Wargo/Getty Images for TIME)

It’s weird to say this about a guy with 10 kids, but Elon Musk is sweating like a guy who just learned he wasn’t going on Maury Povich to get a makeover. Musk flirted with buying Twitter. Told his lawyers to forego using all the protections that corporate lawyers usually put in deals. And after the deal was done Musk tried to walk away leaving the jilted partner to seek recompense in court.

Because the deal remains and Elon is the father.

Today, Twitter’s shareholders voted to approve the deal, a necessary signpost on the road to Chancery. He’s now locked in unless he can successfully prove that he shouldn’t be responsible for the deal he made while recklessly blowing off due diligence. And weep for the straws, because Elon is grasping at them like a mad man.

Musk’s most recent attempt to throw shade on the deal is an amended counterclaim suggesting that a whistleblower has identified security lapses at the company and claims this amounts to a material adverse effect.

It’s a stronger claim than his labored attempt to say that he was misled about the number of bots on Twitter… even though he claimed he was buying Twitter because there were too many bots.

The whistleblower’s claim that Twitter runs out-of-date software exposing users to privacy breaches alone isn’t that useful to Musk since it’s exactly the sort of information he could’ve found out if he’d not blown off due diligence. BUT while these security issues alone might not give Musk an out, if they’re all true, it could amount to an FTC problem and Musk could claim that a potential government crackdown on the company crosses the finish line into a material problem.

That said, Twitter denies the whistleblower’s claims, saying that they are “riddled with inconsistencies and inaccuracies.”

Trial is in a little more than a month!

Earlier: Twitter Complaint Demonstrates That Every Lawyer, Everywhere, Always Is Smarter Than Elon Musk
Elon Musk Will Beat Twitter! WSJ Says It’s Obvious… Assuming You Change Every Single Fact And Law.


HeadshotJoe Patrice is a senior editor at Above the Law and co-host of Thinking Like A Lawyer. Feel free to email any tips, questions, or comments. Follow him on Twitter if you’re interested in law, politics, and a healthy dose of college sports news. Joe also serves as a Managing Director at RPN Executive Search.







Click to Read Original Article

Previous Post

The UK Top 50: The Wealthiest Biglaw Firms Across The Pond

Next Post

In Partnership with vLex, Free Law Project to Build Complete Case Law Database

Daily Legal Briefing

Daily Legal Briefing

The latest breaking legal news from across World all in one place.

Related Posts

AI Is at the Intersection of Safety and Equity in Healthcare
Legal Tech

AI Is at the Intersection of Safety and Equity in Healthcare

by Daily Legal Briefing
March 31, 2023
LeVar Burton Shares Advice For Lawyers
Legal Tech

Preserving The Human Element: Contrasting LeVar Burton’s Vision With The Promise Of Generative AI At Legalweek 2023

by Daily Legal Briefing
March 30, 2023
The Legal Industry Has A Long Way To Go Before GPT Matches The Talk
Legal Tech

The Legal Industry Has A Long Way To Go Before GPT Matches The Talk

by Daily Legal Briefing
March 30, 2023
3 Lawyers Weigh In With Their Top TikTok Marketing Tips
Legal Tech

The TikTok Ban Is Starting To Look A Lot Like Gen Z’s Patriot Act

by Daily Legal Briefing
March 30, 2023
A Surprising Amount Of Law Talk For Talking About Everything Except The Law
Legal Tech

A Surprising Amount Of Law Talk For Talking About Everything Except The Law

by Daily Legal Briefing
March 29, 2023
Next Post
In Partnership with vLex, Free Law Project to Build Complete Case Law Database

In Partnership with vLex, Free Law Project to Build Complete Case Law Database

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Premium Content

This Is Really, Really Dumb: Ohio Court Says Google May Be A Common Carrier

This Is Really, Really Dumb: Ohio Court Says Google May Be A Common Carrier

May 28, 2022
Here’s What You Need to Know About Insurance Claims Lawyers

How Do I Report Sexual Harassment in Jacksonville?

March 3, 2022
2022 Associate Bonuses: Celebrating The Early Announcers

2022 Associate Bonuses: Celebrating The Early Announcers

December 30, 2022

Browse by Category

  • Big Law
  • Breaking
  • Business
  • Hot Topics
  • Law School
  • Legal Tech
  • Small Law

About US

Breaking Legal News & Current Law Headlines | Daily Legal Briefing.
Online coverage of breaking legal news and current law headlines from around the US. Top stories, videos, insight, and in-depth analysis.

Categories

  • Big Law
  • Breaking
  • Business
  • Hot Topics
  • Law School
  • Legal Tech
  • Small Law

Recent Updates

  • New York’s Biglaw Firms Really Flopped Financially Last Year
  • The Legal and Ethical Implications of Workplace Vaccine Mandates
  • Decades Of Impenetrable Walls Of Text

© 2021 Daily Legal Briefing | Breaking Legal News & Current Law Headlines

No Result
View All Result
  • Contact Us
  • Home

© 2021 Daily Legal Briefing | Breaking Legal News & Current Law Headlines

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?