Musk is trying to get out of his $44 billion deal to buyTwitter, but they don't want him out.
Delaware Chancery Court is a state court that specializes in complex corporate law and merger deals and is where the lawsuit was filed. They don't just want to be paid in money. Musk is wanted by the board to buy the company.
A judge was asked to force Musk to complete the deal after the social media company accused him of a long list of contract violations.
The fate of a critical social media company is at stake in the upcoming court battle.
Musk signed a binding contract to buy the company on April 25th, so he doesn't have the right to end the merger. The contract that Musk signed says that he can be sued for damages and enforce the merger if he wants to.
Since signing the deal, Musk has claimed that there is no evidence that the company is hiding user data.
The legal standard Musk would need to prove in court in order to be let out of the deal is that there is no material adverse effect on the company.
The contact was broken by Musk multiple times. One of the claims is that Musk used the single poop symbol.
Musk tried to undermine his own funding in order to get out of the deal, according to the court filing.
Having mounted a public spectacle to put Twitter in play, and having proposed and then signed a seller friendly merger agreement, Musk apparently believes that he is free to change his mind, trash the company, disrupt its operations, destroy stockholder.
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