(MENAFN) Twitter seeks a Delaware court to command Elon Musk to purchase Twitter for USD44 billion, as he assured back in April. But what if a judge makes that decision and Musk hesitates?
Elon Musk’s reputation for rejecting administration statements has some worried that he could break an opposed decision of the Delaware Court of Chancery, recognized for its handling of high-profile business arguments.
Musk wishes to win the case that's headed for an October trial.
He is scheduled to be overthrown by Twitter lawyers from Thursday.
Nonetheless the penalties of him losing badly — either by a command of “specific performance” that forces him to finish the agreement, or by walking away from Twitter but still coughing up a billion dollars or more for violating the agreement — has increased worries on how the Delaware court would apply its last decision.
“The problem with specific performance, especially with Elon Musk, is that it’s unclear whether the order of the court would be obeyed,” retired Delaware Supreme Court Justice Carolyn Berger updated CNBC in July. “And the courts in Delaware — courts all over — are very concerned about issuing a decision or issuing an order that then is ignored, flouted.”
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