The letter states the offer is not an admission of liability and Musk has no intention of waiving any of his legal rights.
October 04, 2022 at 04:02 PM
2 minute read
The original version of this story was published on Delaware Business Court Insider
Attorneys for Elon Musk have notified the Securities and Exchange Commission that he now intends to close on his purchase of Twitter at the price agreed to in April.
The letter signed by Skadden, Arps, Slate, Meagher & Flom partner Mike Ringler stated closure is contingent on receiving debt financing and having Chancellor Kathaleen McCormick enter a stay in the broken-deal case pending in the Court of Chancery and halt the trial scheduled to start in less than two weeks.
Deal Watch: Skadden, Sidley, Slaughter and S&C Lead Big Paper Deal, While Private Funds Grow Massive
Presented by BigVoodoo
General Counsel Summit is the premier event for in-house counsel, hosting esteemed legal minds from all sectors of the economy.
Join General Counsel and Senior Legal Leaders at the Premier Forum Designed For and by General Counsel from Fortune 1000 Companies
WIPL is the original global forum facilitating women-to-women exchange on leadership and legal issues.
A large and well-established Tampa company is seeking a contracts administrator to support the company's in-house attorney and manage a wide...
We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should ...
We are seeking an attorney to join our corporate and transactional practice. Candidates should have a minimum of 8 years of general corporat...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
Predictive reporting, trend analysis, peer guidance and a practical playbook to help genetal counsels succeed in their increasingly high stakes roles as risk managers and corporate strategists
Tesla CEO and space X founder Elon Musk, and Twitter headquarters. Credit: Shutterstock.com/ALM
