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The Latest Breaking News from Delaware Chancery Court

Tesla Asks Shareholders To Reapprove Huge Musk Pay Deal

Tesla will ask its shareholders in June to ratify a multi-billion-dollar 2018 pay package for CEO Elon Musk that was squashed by a US court earlier this year.

International Business Times

Elon Musk meets his match in Shakespeare-quoting Delaware Judge

When Elon Musk tried to back out of buying Twitter Inc in 2022, Delaware Chancery Court Judge Kathaleen St Jude McCormick reined him in, with one ruling after another, until he finally relented and closed the $44 billion deal.

The Times of India

'Unfathomable': Judge Fires Elon Musk's $55B Pay Package Into The Sun

Plus, more on why General Motors is embracing hybrids again, and Volkswagen starts an AI lab.

InsideEVs

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Parag Agrawal, other Twitter executives win $1.1 million in legal fees from Elon Musk’s X

X Corp, formerly known as Twitter, must pay $1.1 million in legal fees racked up by a group of the social-media platform’s former top executives, a judge ruled.

The Times of India

Frank Founder wins round against JPMorgan Chase

JPMorgan Chase fired Charlie Javice in November 2022. Now the bank must pay her legal fees, according to a Delaware Chancery Court ruling.

Fortune

Fox election-conspiracy theories spur deluge of threats, Dominion Voting says

Dominion Voting Systems remains “under siege” from threats spawned by 2020 election-conspiracy theories propounded by Fox News TV hosts and guests, a lawyer for Dominion told a judge.

Tribune News Service

Ex-Twitter CEO reveals DOJ probe in pursuit of legal fees repayment

Twitter Inc.’s former chief executive officer revealed the U.S. Justice Department and the U.S. Securities and Exchange Commission investigated the social-media platform in the past as part of his effort to force the company to cover legal fees related to lawsuits and government probes.

Tribune News Service

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Zuckerberg, Meta are sued for failing to address sex trafficking, child exploitation

A new lawsuit accuses Mark Zuckerberg and other Meta Platforms Inc executives and directors of failing to do enough to stop sex trafficking and child sexual exploitation on Facebook and Instagram.

Reuters

FSG have legal case settled over $900m takeover deal

Liverpool owners FSG had been in a legal dispute with a minority partner of the Pittsburgh Penguins

Liverpool Echo

How Elon Musk scored a $55 billion pay package that’s now under fire

The largest executive-pay package in US corporate history was born in a text message from Elon Musk.

The Times of India

Timeline of billionaire Elon Musk’s bid to control Twitter

Elon Musk is offering to go through with his original proposal to buy Twitter for $44 billion

The Independent UK

Advantage Elon Musk? How Delay In Twitter Trial Could Benefit Tesla CEO

Delaware Chancery Court Judge Kathaleen McCormick, on Thursday, stayed the legal battle between Elon Musk and Twitter Inc. (NYSE: TWTR) until Oct. 28 to allow the two parties to close the deal.

Benzinga

EXPLAINER: What's next in Musk's epic battle with Twitter?

Elon Musk’s monthslong tussle with Twitter took another twist this week after the Tesla billionaire seemed to return to where he started in April — offering to buy the company for $44 billion

The Independent UK

Musk revives $44 billion Twitter bid, aiming to avoid trial

Elon Musk revived a bid to buy for Twitter Inc. at the original price of $54.20 a share, backtracking on his effort to quit the deal and potentially avoiding a contentious courtroom fight.

Tribune News Service

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Tribune News Service

Ten things Elon Musk's texts reveal about the Twitter deal

A new trove of text messages between Elon Musk and Twitter Inc. executives, close friends, potential investors and Silicon Valley bros sheds light on how a $44 billion deal by the world’s richest person to buy the social media company came about — and ended up in court.

WEKU

Texts released ahead of Twitter trial show Elon Musk assembling the deal

Elon Musk's takeover of Twitter went down via private text messages between the Tesla CEO and a small circle of Silicon Valley's rich and powerful, according to court filings released this week.

Axios

What history suggests about Twitter vs. Musk's outcome

The Tesla CEO could be forced to acquire Twitter, even if he doesn't want it anymore.

The Times of India

'Twitter has to give Elon Musk only one bot checker's data'

Twitter Inc was ordered to hand over files from its former consumer product head to Elon Musk on spam and bot accounts the billionaire has cited in seeking to abandon his $44 billion purchase of the social media company.

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The Times of India

Elon Musk says Twitter hiding witnesses he needs in buyout fight

WASHINGTON: Elon Musk is accusing Twitter Inc of hiding key witnesses in their legal battle over whether he must consummate a $44 billion buyout of the company, according to people familiar with the allegations.

Tribune News Service

Musk files defense under seal as Twitter trial set for Oct. 17

Twitter Inc.’s lawsuit against Elon Musk over a canceled $44 billion buyout of the social media platform is set for a five-day trial starting Oct. 17 in Delaware, with the billionaire filing his defense and counterclaims under seal.

Tribune News Service

Oracle's Larry Ellison can win lawsuit even if he loses

Oracle Corp. Chairman Larry Ellison is slated to testify in a lawsuit in which a loss could still result in a windfall for the company he co-founded and holds a 40% stake in.

Tribune News Service

Twitter gets a win over Musk with trial fast-tracked for October

Twitter Inc. scored an early win against Elon Musk in its fight to make him complete his $44 billion buyout, as a Delaware judge agreed to fast-track the case with an October trial date.

Axios

Twitter wins fight to fast-track Elon Musk deal trial

The trial, in Delaware Chancery Court, will be much closer to Twitter's preferred timeline.

The Independent UK

EXPLAINER: Twitter, Musk and the Delaware Chancery Court

Twitter Inc.’s lawsuit to force billionaire Elon Musk to make good on his promise to buy the social media giant will be resolved in a small but powerful Delaware court that specializes in high-stakes business disputes

Tribune News Service

Musk says Twitter dragged feet on deal and now rushing trial

Elon Musk’s lawyers say Twitter Inc. officials are unfairly pushing for a “warp speed” trial over claims the billionaire improperly canceled his proposed $44 billion buyout of the social media company, and asked that the case be heard next year instead.

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