Judge in Twitter v. Musk made rare ruling: ordering a deal to close - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

The judge overseeing Twitter Inc’s $44 billion lawsuit against Elon Musk has a no-nonsense reputation as well as the distinction of being one of the few jurists who has ever ordered a reluctant buyer to close a US corporate merger. TwitterDeal ElonMusk

Tesla CEO Elon Musk leaves Manhattan federal court after a hearing on his fraud settlement with the Securities and Exchange Commission in New York City, U.S. April 4, 2019.Tesla CEO Elon Musk leaves Manhattan federal court after a hearing on his fraud settlement with the Securities and Exchange Commission in New York City, U.S. April 4, 2019.

“She already has a track record of not putting up with some of the worst behavior that we see in these areas when people want to get out of deals,” said Adam Badawi, a law professor who specializes in corporate governance at the University of California Berkeley. “She is a serious, no-nonsense judge.”

After weeks of confrontational tweets suggesting Twitter was hiding the true number of fake accounts, Musk said on Friday he was terminating the $54.20-per-Twitter share acquisition, worth $44 billion. On Tuesday, the social media platform sued. She described her ruling as “chalking up a victory for deal certainty” and rejected Kohlberg’s arguments that it could walk away because of a lack of financing.

Last month, she said shareholders of Carvana Co could sue the board for a direct offering of stock to select investors when the share price was depressed during the early pandemic.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

He is bias already

I’m honored to invest and withdraw without stress I got my 70k all through Mike_Rosehart I urge everyone to invest with this man Philip he’s the best I can recommend 😊 Great! No hidden fees They have good brokerage

Let people judge themselves

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines