Twitter v. Elon Musk Court Filing by Potter Anderson & Corroon LLP, July 12, 2022 is part of . You can jump to any part in this filing . This is part 20 of 31. HackerNoon’s Legal PDF Series here Feature Image: Midjourney AI, Prompt “Merger & Acquisition” FACTUAL ALLEGATIONS VII. Defendants materially breach their obligations to work toward closing and refrain from unreasonable withholding of consent to operational changes 108. Consummating a merger agreement involves substantial effort and requires a serious deployment of resources by the seller. Defendants thus are subject to contractual obligations requiring them to take actions necessary to close and to allow Twitter to operate as efficiently as possible in the interim. Defendants violated two important obligations of this kind: the duty to work toward finalizing the financing for the closing and the obligation to consider consents reasonably. Continue reading here

Twitter

Musk Attempted to Abandon Twitter Deal via Text Threats 

Musk Required Twitter to Disclose Financial Information Not Included in Signed Contract 

Too Long; Didn't Read

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Mergers & Acquisitions are No Joke, and Musk Violated 2 Contractual Obligations

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