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re: Twitter sues Elon Musk for violating $44 BLN merger agreement

Posted on 7/19/22 at 9:47 pm to
Posted by dafif
Member since Jan 2019
5687 posts
Posted on 7/19/22 at 9:47 pm to
I find it impossible that either side can be ready for this trial in October… just begging for an appeal

As for specific performance, it does not seem to gel with the 1 billion buyout language
Posted by cwill
Member since Jan 2005
54753 posts
Posted on 7/19/22 at 10:34 pm to
quote:

As for specific performance, it does not seem to gel with the 1 billion buyout language


It’s not a buyout. It’s more akin to liquidated damages and only applies for breaking the deal under certain conditions. He can’t walk for no reason and pay $1B…thats where specific performance comes in and the basis for the suit.
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