Why Elon Musk Has to Buy Twitter!

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This Tuesday, Twitter’s sued Elon Musk to force him to honor his legally binding agreement to buy the company. Twitter asked the Delaware Court of Chancery to fast-track a trial for September. According to the complaint “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 Delaware court will examine the case on its merits and lawyers are suggesting that Musk’s defense is weak, if not laughable. “We will finally see if Elon Musk is ‘above the law,” according to John Coffee of Columbia Law School. “I am confident that in the Delaware courts the answer is no.” he told the FT.

Gods at War by Steven Davidoff Solomon: https://amzn.to/3uNpPJ1

Twitter Merger Agreement: https://www.sec.gov/Archives/edgar/data/1418091/000119312522176753/d283119dprer14a.htm#toc283119_94

Elon Musk Cancellation Letter: https://www.sec.gov/Archives/edgar/data/1418091/000110465922078413/tm2220599d1_ex99-p.htm

The Twitter Lawsuit: https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/rvMR5WrmwCGQ/v0

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