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The Latest Breaking News from Delaware

Court battle opens in Musk, Twitter buyout fight

Washington (AFP) - The high stakes court battle between Elon Musk and Twitter kicked off on Tuesday, as the social media firm tries to force the entrepreneur to honor their $44 billion buyout deal.

AFP

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

The Independent UK

Court battle to open in Musk, Twitter buyout fight

Washington (AFP) - Elon Musk and Twitter will face off Tuesday in the first court hearing over the Tesla chief's move to abandon their $44 billion buyout deal, a case with massive stakes for both sides.

AFP

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‘Love me tender’: how Musk wooed Twitter, only to leave it at the altar

An affair between the tycoon and the platform he adores was always going to be tricky. Now the courts are involved

The Guardian - UK

Elon Musk asks to delay start of Twitter court battle

San Francisco (AFP) - Tesla chief Elon Musk asked a Delaware court Friday to reject a bid by Twitter to put their $44 billion merger lawsuit on trial in September, instead asking to push it back until next year.

AFP

Michael Hiltzik: Who's really on the hot seat in the Musk/Twitter fight? This little-known Delaware court

Most non-lawyers probably have no idea that the Delaware Chancery Court even exists. Thanks to Elon Musk and Twitter, it's about to become world-famous.

Los Angeles Times

EXPLAINER: Twitter, Musk and the Delaware Chancery Court

The Independent UK

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Twitter Back Up after Global Outage

Twitter said its service was back online following a major outage on Thursday that kept thousands of users across the globe from accessing the social media platform. The near three-hour outage affected as many as 50,000 users at its peak at around 8:15 am ET, according to outage tracking website…

Asharq Al-Awsat

Is Twitter's Lawsuit Against Elon Musk a "Loser"?

Corporate law profs disagree on the merits of Twitter's lawsuit to force Elon Musk to follow through with his offer to buy the company.

Reason

EXPLAINER: What happens next in the Musk-Twitter saga?

Twitter has sued Tesla CEO Elon Musk in an attempt force him to complete his $44 billion takeover of the social media company by accusing him of “outlandish” and “bad faith” actions that have caused the platform irreparable harm and “wreaked havoc” on its stock price

The Independent UK

A centuries-old court in Delaware will decide if Elon Musk has to buy Twitter

In a lawsuit, Twitter has asked the Delaware Court of Chancery to order the Tesla CEO to follow through with a $44 billion takeover bid for the social media company.

WEKU

Twitter Sues Tesla CEO Elon Musk For Bailing on $44 Billion Takeover Deal: Hindenburg Unveils Long Position

"Twitter’s complaint poses a credible threat to Musk’s empire," said noted short sellers Hindenburg Research.

The Street

Stocks Edge Higher, Inflation, Twitter, Gas Prices And Delta Earnings In Focus - Five Things To Know

Stock futures edge higher as inflation data looms; Core inflation in focus as headline expected to spike to 8.8%; Twitter sues Musk in Delaware for backing out of takeover deal; Gas prices extend declines amid crude pullback, Americans saving $140 million a day and Delta Air lines earnings on deck…

The Street

Twitter Sues Elon Musk to Hold Him to $44 Billion Deal

Twitter Inc sued Elon Musk on Tuesday for violating his $44 billion deal to buy the social media platform and asked a Delaware court to order the world's richest person to complete the merger at the agreed $54.20 per Twitter share. "Musk apparently believes that he - unlike every other…

Asharq Al-Awsat

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Tribune News Service

Twitter sues to force musk to consummate $44 billion buyout

Twitter Inc. sued billionaire Elon Musk over his abandoned $44 billion takeover bid, asking a judge to force him to follow through on his offer.

France 24

Twitter sues Elon Musk in bid to save $44 billion buyout deal

Twitter sued Tesla chief Elon Musk on Tuesday for violating his $44 billion deal to buy the social media platform and asked a Delaware court to order the world’s richest person to complete the merger at the agreed $54.20 per Twitter share.

WEKU

Twitter takes Elon Musk to court, accusing him of bad faith and hypocrisy

The social media company is asking a Delaware court to force the world's richest man to follow through on his agreement to buy it for $44 billion.

Axios

Delaware Court will decide fate of Elon Musk's Twitter deal

The big unknown is what happens if the court rules in Twitter's favor.

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Reason

State Reactions to the SCOTUS Ruling Against Discretionary Carry-Permit Laws Range From Compliance to Defiance

Some states promptly eliminated subjective standards, while others refused to recognize the decision's implications.

The Independent UK

Delaware auditor dodges felony charges, guilty of misconduct

The jury in the corruption trial of Delaware State Auditor Kathy McGuiness has acquitted her on felony charges of theft and witness intimidation but convicted her on three misdemeanor counts

The Independent UK

Maryland law expanding who can perform abortion takes effect

A new law in Maryland will expand access to abortion by ending a restriction that only physicians perform them

Axios

U.S. blocks $1 billion in Delaware trust linked to Russian oligarch with ties to Putin

A seized superyacht that U.S. officials say is linked to Suleiman Kerimov is also in U.S. custody.

AFP

Horseshoe crabs: 'Living fossils' vital for vaccine safety

Dover (United States) (AFP) - On a bright moonlit night, a team of scientists and volunteers head out to a protected beach along the Delaware Bay to survey horseshoe crabs that spawn in their millions along the US East Coast from late spring to early summer.

Tribune News Service

Housing slump would place greatest stress on Black, Hispanic residents

If the United States enters a recession and housing prices stagnate or fall, homeowners in parts of California, Delaware, Illinois, Indiana and New Jersey are most at risk of owing more than their houses are worth or losing their homes to foreclosure, according to a new analysis.

The Independent UK

Treasury blocks $1 billion trust owned by Russian oligarch

The Treasury Department has blocked a $1 billion Delaware-based trust connected to sanctioned Russian oligarch Suleiman Abusaidovich Kerimov

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