'Musk Is Going to Be as Difficult as Possible If He Loses,' Shareholder Activism Lawyer Says
For the Court of Chancery, this is an opportunity to say, "it doesn't matter the size of the case. Here are the rules in enforcing a contract case."
September 21, 2022 at 05:18 PM
5 minute read
Technology Media and TelecomDiscovery disputes continue to reverberate as the Twitter v. Musk lawsuit enters its third and final month before trial. For Lawrence Elbaum, the co-head of Vinson & Elkins' shareholder activism practice, it seems unlikely Elon Musk will be able to get out of his bid to buy Twitter entirely, but the case as it stands will require Twitter to tread carefully to avoid giving too much away.
Aside from the high-profile litigants, their world-class attorneys and the $44 billion price tag on the merger, Elbaum said the case is one that requires fairly basic contract interpretation from the Court of Chancery, but the fight between Twitter and Musk could continue beyond trial.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
NOT FOR REPRINT
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View AllZoom Faces Intellectual Property Suit Over AI-Based Augmented Video Conferencing
3 minute readEtsy App Infringes on Storage, Retrieval Patents, New Suit Claims
3rd Circ Orders SEC to Explain ‘How and When the Federal Securities Laws Apply to Digital Assets’
5 minute readElon Musk Has a Lot More Than a 'Tornetta' Appeal to Resolve in Delaware
5 minute readLaw Firms Mentioned
Trending Stories
- 1Over 700 Residents Near 2023 Derailment Sue Norfolk for More Damages
- 2Decision of the Day: Judge Sanctions Attorney for 'Frivolously' Claiming All Nine Personal Injury Categories in Motor Vehicle Case
- 3Second Judge Blocks Trump Federal Funding Freeze
- 4Crypto Hacker’s $65 Million Scam Ends in Indictment
- 5Trump's Inspectors General Purge Could Make Policy Changes Easier, Observers Say
Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250