Ocho and/or Tree ----- Quick legal Question

V

vanzandt

Hey a thought crossed my mind regarding Elon and Twitter....
If Elon tries to not pay his $1B (deposit?) or whatever it was.... and Twitter sues.... can Elon's lawyers, in the discovery phase, demand to see the stuff he wanted to see regarding bots, fake accounts etc?
Seems like they could.
Thoughts?
 
vanzandt said:
Hey a thought crossed my mind regarding Elon and Twitter....
If Elon tries to not pay his $1B (deposit?) or whatever it was.... and Twitter sues.... can Elon's lawyers, in the discovery phase, demand to see the stuff he wanted to see regarding bots, fake accounts etc?
Seems like they could.
Thoughts?
More...

Yes, he raised that as an issue early and often. Versus a party who just decides that he wants out and starts presenting new issues after whatever deadline they had.

But twitter gets to counter that they substantially met his demands or that they were reasonably disclosed in a general way in other information provided. Not that this is going to trial or anything. Just going to be a lot of jockeying around and Elon trying for a better price.

Also and foremost, what Elon has a right to request and a reasonable expectation to see substantiation is based on what was represented to him in oral and written statements. So that is where the games begin and have begun of course. And he has a right to see all sorts of other information if it is reasonably available and he decides that he reasonably needs to review it. Where it gets dicey though, and there is some of this going on, is if the potential buyer wants something that is not available and might be an extensive work project to develop it and the seller did not represent that it was available at that level of detail. That's where the lawyers get rich.

Elon dicking around. Both he and Twitter expect the market to take at least another leg down. Putting twitter at risk that legally Elon can still get out for the billion and they are left with stock priced with a price that has gone very southerly. And if twitter fears that then Elon knows they have plenty of reasons to settle on a better price. Truthfully, I have not kept up but I gather that the powers that be now want to make the sale happen, versus the early days when the talk was all about how to stop it.
 
TreeFrogTrader said:
Also and foremost, what Elon has a right to request and a reasonable expectation to see substantiation is based on what was represented to him in oral and written statements. So that is where the games begin and have begun of course.
More...
That's what I was thinking, it comes down to whatever TWTR represented when the initial deal was penned. This is of course stuff (minutia in a way) that we haven't really been let in on. Not that it was anything top-secret or anything, it's just that it was 'fine print' if you will, that will no longer be such if it does in fact go to trial.

I don't think the bottom is in yet on TWTR, if this whole escapade has done anything, it has brought to light just how overvalued this company really was. If the truth were known, Elon knew from the rip he wouldn't be paying $54.

Next stop $28.90
 
vanzandt said:
That's what I was thinking, it comes down to whatever TWTR represented when the initial deal was penned. This is of course stuff (minutia in a way) that we haven't really been let in on. Not that it was anything top-secret or anything, it's just that it was 'fine print' if you will, that will no longer be such if it does in fact go to trial.

I don't think the bottom is in yet on TWTR, if this whole escapade has done anything, it has brought to light just how overvalued this company really was. If the truth were known, Elon knew from the rip he wouldn't be paying $54.

Next stop $28.90
More...

He is a smart guy, adventuresome, likes to play games, take risks and all of that. That's fine. It is better than being Janet Yellen and having the personality of a Russet Potato.

And I think he gamed out some of this twitter stuff in advance and is following whatever his plan is. Having said that, I don't think Elon quite anticipated the blowback over to Tesla and Tesla stock as a result of his gameplaying with Twitter. He thought that dicking around with Twitter would be a separate sandbox to play in and have some fun and if he was successful fine, but if he got his nuts kicked in a little, well fine too, just having a little fun by sticking his hand in the fire and mixing it up a little. But it is unsettling over in Camp Tesla to the shareholders, the employees, the media etc. He seems to be wasting energy and attention that could be better spent back at Tesla, especially as they are having lay-offs etc.

At least Elon has not called anyone at Twitter a pedo yet, so let us be thankful for that.
 
vanzandt said:
Hey a thought crossed my mind regarding Elon and Twitter....
If Elon tries to not pay his $1B (deposit?) or whatever it was.... and Twitter sues.... can Elon's lawyers, in the discovery phase, demand to see the stuff he wanted to see regarding bots, fake accounts etc?
Seems like they could.
Thoughts?
More...
I understand you asking Tree, but Ocho Rios?? Seriously---
 
TreeFrogTrader said:
He is a smart guy, adventuresome, likes to play games, take risks and all of that. That's fine. It is better than being Janet Yellen and having the personality of a Russet Potato.

And I think he gamed out some of this twitter stuff in advance and is following whatever his plan is. Having said that, I don't think Elon quite anticipated the blowback over to Tesla and Tesla stock as a result of his gameplaying with Twitter. He thought that dicking around with Twitter would be a separate sandbox to play in and have some fun and if he was successful fine, but if he got his nuts kicked in a little, well fine too, just having a little fun by sticking his hand in the fire and mixing it up a little. But it is unsettling over in Camp Tesla to the shareholders, the employees, the media etc. He seems to be wasting energy and attention that could be better spent back at Tesla, especially as they are having lay-offs etc.

At least Elon has not called anyone at Twitter a pedo yet, so let us be thankful for that.
More...

Some more info...

Twitter Stock Drops As Company Hires Law Firm To Sue Elon Musk Amid Mocking Tweets From Tesla Founder
https://deadline.com/2022/07/twitter-lawsuit-elon-musk-deal-stock-law-firm-1235061308/
 
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