Twitter v. Musk: Why the Court of Chancery Will Never Order Specific Performance.

Text size A court could compel Tesla chief executive Elon Musk to purchase Twitter, but could it compel him to operate it in the best interest of shareholders? Al Drago/Bloomberg About the author: Carliss Chatman is associate professor at Washington and Lee University School of Law. When Elon Musk decided to terminate his $44 billion … Read more

Elon Musk Files Response and Counterclaims to Twitter Lawsuit Over $44 Billion Deal

Updated July 29, 2022 6:29 pm ET Listen to article (1 minute) Elon Musk formally responded to Twitter lawsuit seeking to force him to go through with his $44 billion takeover of the social-media platform and included counterclaims against the company. The filing Friday was made confidentially and isn’t viewable by the public. It isn’t … Read more

Teladoc loses $3 billion in three months, stock plummets 24%

Shares of Teladoc Health Inc. plunged more than 24% in after-hours trading Thursday after the telehealth company took another multibillion-dollar impairment charge, helping to bring its total losses for the first six months of the year up to nearly $10 billion. Teladoc TDOC, +7.59% executives disclosed a $3.0 billion goodwill impairment charge during the second … Read more

Ex-SFO lawyer accused of calling FBI agent a ‘c***’ was unfairly dismissed, tribunal says

A former Serious Fraud Office lawyer was unfairly dismissed after he allegedly insulted a US Federal Bureau of Investigations agent in a London pub, a tribunal ruled. Tom Martin was the SFO’s chief lawyer on its investigation into claims that top executives at Monaco-headquartered Unaoil paid bribes for oil contracts in Iraq.  However, in 2018 he was suspended from … Read more

Twitter cites UK national security law in legal letter to Musk as $44bn deal teeters

Twitter cited a new British law in a legal letter to Elon Musk, in what lawyers say may indicate that the UK government had concerns about what the $44bn transaction would mean for UK national security. Twitter’s legal team demanded the billionaire comply with his obligations under the merger agreement “including by taking all steps … Read more

Tesla Is Set for Settlement Talks Over Musk Tweets About Taking Company Private

Tesla is scheduled for court-ordered settlement talks in a shareholder lawsuit over Chief Executive Officer Elon Musk’s 2018 tweets suggesting he had funding to take the company private. In a court filing Friday, a federal judge ordered the settlement conference via Zoom on Oct. 3, adding to an already busy month for Mr. Musk. He … Read more

Elon Musk Fires Back at Twitter Lawsuit

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LME used ‘expert judgement’ to wipe $4bn trades, defence to Elliott and Jane Street suit claims

The London Metal Exchange asked a High Court judge to respect its “specialist” judgment and refuse payment of $456m and $15.3m, respectively, sought by activist hedge fund Elliott Management and market maker Jane Street over cancelled nickel trades in early March. The view from the LME in the 13 July court filings — still in the early … Read more

Ken Griffin Moving Citadel From Chicago to Miami Following Crime Complaints

Billionaire Ken Griffin is relocating his big hedge-fund firm Citadel from Chicago to Miami, the third major employer to announce the move of a corporate headquarters from Illinois in the past two months. In a letter to employees Thursday, Mr. Griffin said he had personally moved to Florida—a state that doesn’t collect personal income tax—and … Read more

FCA branded ‘not fit for purpose’ as protesters march for better regulation

A crowd of roughly 75 protesters branded the Financial Conduct Authority “not fit for purpose” as they began a march from the Royal Courts of Justice on 24 May. There is “chronic and catastrophic regulatory failure in the UK”, Andy Agathangelou, founder of campaign group the Transparency Taskforce, told the Rally For Better Financial Regulation. “Trust … Read more