Will the Delaware Court of Chancery Agree to Hear Twitter’s Case Against Elon Musk in November?
Twitter’s lawyers are asking the Complex Commercial Litigation Division to limit discovery and trial prep to 120 days allowing the trial to commence in early November.
Reports in the media that ‘Elon Musk’ agreed to buy Twitter for $44 billion are misleading and causing a LOT of confusion among journalists and readers. The transaction Musk proposed to Twitter’s board is called a Reverse Triangular Merger.1 Under Musk’s proposal, he would create two new shell companies - a parent and a subsidiary. Neither of these compa…
