Twitter v. Elon Musk July 12, 2022 is part of our Legal PDF series. Part 24 of 31: Factual Allegations - Defendants purport to terminate the merger agreement - elonmusk twitter
FACTUAL ALLEGATIONS123. On July 8, 2022, defendants’ counsel sent a letter to Twitter purporting to terminate the merger agreement.
124. The notice alleges three grounds for termination: purported breach of the information-sharing and cooperation covenants contained in Sections 6.4 and 6.11; supposed “materially inaccurate representations” incorporated by reference in the merger agreement that allegedly are “reasonably likely to result in” a Company Material Adverse Effect; and purported failure to comply with the ordinary course covenant by terminating certain employees, slowing hiring, and failing to retain key personnel.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk's 'Extremely Hardcore' Twitter - The Journal. - WSJ PodcastsSince Elon Musk bought Twitter four weeks ago, thousands of employees have been laid off, fired or decided to leave the company. WSJ's Alexa Corse explains what the company's leaner staff could mean for the platform. Further Reading: -Elon Musk Tells Twitter Staff to Work ‘Long Hours at High Intensity’ or Leave -Twitter’s Mass Resignations Test Elon Musk’s Management Playbook -Twitter Lays Off Some Sales Employees After They Committed to Twitter 2.0 Further Listening: -Why Elon Musk’s Twitter Is Losing Advertisers
Read more »
Ice T Mocks Leftists Quitting Twitter over Elon Musk: 'But They Still Drive His Cars'Actor-rapper Ice T has mocked leftists who are quitting Twitter in protest of Elon Musk's acquisition of the social media company, noting that many of these people 'still drive his cars' -- a reference to Tesla, which is also owned by Musk.
Read more »
Elon Musk runs Twitter poll on bringing back suspended accountsElon Musk launches new Twitter poll on whether to allow suspended users back after he reinstated Trump's account based on another poll
Read more »
Elon Musk might reinstate all previously banned Twitter accountsElon Musk has launched a new Twitter poll that asks if the company should let all banned accounts back on the website.
Read more »
Elon Musk blasts San Francisco’s ‘far left’ views on TwitterEarlier this month, Elon Musk amplified a conspiracy about Paul Pelosi and urged his followers to vote Republican in midterm elections.
Read more »
Elon Musk Begins to Reshape TwitterSTORY OF THE WEEK: Since elonmusk finalized his purchase of Twitter last month, big changes have already come to the company.
Read more »