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re: Twitter board unanimously recommends Musk's takeover bid...Has Elon Bit off too much?
Posted on 6/22/22 at 6:12 am to Dixie Normus
Posted on 6/22/22 at 6:12 am to Dixie Normus
quote:BINGO!
As it stands now, it does look like there would have to be some sort of gross misrepresentation in the SEC-filed financials concerning bots for there to really be any actionable breach of a R&W. Their financials note that the bot number is estimated so that gives them some wiggle room, but it’s not without limitation. Where that line could be drawn, I don’t know. Is it 10%? 20%? Just depends. Now, that would go out the window if it was discovered they had actual knowledge of a higher number in discovery.
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