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Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!

 
twitter to the moooooon
User ID: 82419335
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07/12/2022 04:43 AM
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Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
Elon Musk is 'legally wrong' in backing out of $44 billion Twitter takeover and analysts say if he is forced to buy the company it will 'die slowly and painfully' as a CNBC host claims the billionaire 'may face jail time' if he refuses.

CNBC's David Faber made the claim when he appeared on Squawk on the Street on Monday days after Musk announced he was walking away from the highly publicized deal.

'There's no way they're going to take the walkaway fee,' Faber said on Monday. 'They have specific performance in the contract. They are going to have a Delaware judge enforce that contract and say, these are the reasons why.'

'Then the question is, ok, you are forcing Mr. Musk to buy the company, does he actually agree to do it?' Faber said. 'There is this argument being said lately that, well, maybe he won't comply with that. Then we would have a situation where they could put him in jail.'

Valued at $54.20-a-share when Musk and Twitter initially drew up the deal, Twitter's share price has since fallen to $34.64 at Monday's opening bell, a 6.3 percent drop from Friday's close.

[link to www.dailymail.co.uk (secure)]
Anonymous Coward
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07/12/2022 04:46 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
Lol please he will have a billion dollar penalty at the worst and Twitter is done the second it’s officially off.

Sorry there is a escape clause with a defined penalty.

There is never jail for contract law only fraud and the contracts are not fraudulent
Anonymous Coward (OP)
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07/12/2022 05:25 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
Lol please he will have a billion dollar penalty at the worst and Twitter is done the second it’s officially off.

Sorry there is a escape clause with a defined penalty.

There is never jail for contract law only fraud and the contracts are not fraudulent
 Quoting: Anonymous Coward 82205966


there is a clause saying he has to buy it. so the judge can order him to buy twitter. then if he doesn't buy it, he is in contempt of court and can get put in JAIL!!!!!!!

epiclol
ChugALugging

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07/12/2022 05:36 AM

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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
yeah whatever...the guy is so rich,he could buy the jail he may go to if convicted and then just say,i will build you a new jail for my get out of jail card...any takers...lol..

Rich people ....super rich people are above the law! as they can just buy the law,and jails ..lol...
Romans 14:11 It is written:
“‘As surely as I live,’ says the Lord,
‘every knee will bow before me;
every tongue will acknowledge God.

Revelation 20:15 Anyone whose name was not found written in the book of life was thrown into the lake of fire.
Anonymous Coward
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07/12/2022 05:41 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
Him and trump might be cellies.

Which one would be daddy?
Anonymous Coward (OP)
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07/12/2022 05:44 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
Him and trump might be cellies.

Which one would be daddy?
 Quoting: Anonymous Coward 83827298


would they be allowed to post to twitter from jail??
Anonymous Coward
User ID: 74787636
Liechtenstein
07/12/2022 05:46 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
Lol please he will have a billion dollar penalty at the worst and Twitter is done the second it’s officially off.

Sorry there is a escape clause with a defined penalty.

There is never jail for contract law only fraud and the contracts are not fraudulent
 Quoting: Anonymous Coward 82205966


there is a clause saying he has to buy it. so the judge can order him to buy twitter. then if he doesn't buy it, he is in contempt of court and can get put in JAIL!!!!!!!

epiclol
 Quoting: Anonymous Coward 82419335


You are obviously a very young person.

If the previously aggreged on terms are not met by either terms then the contract is voided.

It would be like you buying a 500lb bag of potatoes, but then get a picture of 500lbs of potatoes instead.
They seller said he had value, but could not produce the said value.
Anonymous Coward
User ID: 81724048
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07/12/2022 05:48 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
yeah whatever...the guy is so rich,he could buy the jail he may go to if convicted and then just say,i will build you a new jail for my get out of jail card...any takers...lol..

Rich people ....super rich people are above the law! as they can just buy the law,and jails ..lol...
 Quoting: ChugALugging


yea whatever ignorant american prick.

Musk is not cash rich he is asset rich and all of his assets are really low now. The only cash he has is currently under SEC control for selling shares with his brother earlier, insider trading.

He had twitter shares and wanted to sell them at higher price so he did an offer to buy twitter. But the shares went down and Twitter has accepted his offer.

So now he is trying to get out of the deal, making some bot accusations and other BS, that typical american ignorant prics eat up and are happy.

But in reallity he is fucked, he dosnt have cash to pay the fine and he certeinly dosnt have the cash or the assets to buy Twitter.

Conman finally got cought. The hyperloop nonsense no, americans are too stupid for that. The boring company nonsne, nope still idiocracy level so good for murica.
Spacex and solarcity or this starlink :D Its all bullshit and the quality of tesla cars? LOL lowest on the market, yet still its america. So ye he will have some trouble but its murica so his sheeple followers will make him go on even tho he should be finished long time ago in a normal world.
Guy is a con man, he pumped crypto and then dumped it on those sheeple followers of his.

I really hope all of them fuckers lost with doge and btc thanks to Musk.

Thats the only think i like about musk, that he fucks really hard those sheeple fans of his. Either buy buying his shit products or investing in his shit companies :D
Anonymous Coward
User ID: 50823725
United Kingdom
07/12/2022 05:50 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
Lol please he will have a billion dollar penalty at the worst and Twitter is done the second it’s officially off.

Sorry there is a escape clause with a defined penalty.

There is never jail for contract law only fraud and the contracts are not fraudulent
 Quoting: Anonymous Coward 82205966


there is a clause saying he has to buy it. so the judge can order him to buy twitter. then if he doesn't buy it, he is in contempt of court and can get put in JAIL!!!!!!!

epiclol
 Quoting: Anonymous Coward 82419335


You are obviously a very young person.

If the previously aggreged on terms are not met by either terms then the contract is voided.

It would be like you buying a 500lb bag of potatoes, but then get a picture of 500lbs of potatoes instead.
They seller said he had value, but could not produce the said value.
 Quoting: Anonymous Coward 74787636


they get their law education from the news thesedays.
ASTROPUSSY
User ID: 35748761
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07/12/2022 05:51 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
DISCLOSURE...

WILL SHOW...

ELON, WAS RIGHT...

ABOUT THE BOTS...

WHICH BEGS THE QUESTION...

WILL,ELON, MAKE AN OFFER TO TRINITY HERE @ GLP NEXT...1dunno1
Anonymous Coward
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United Kingdom
07/12/2022 05:53 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
tweeting you want to buy twitter doesn't constitute a legal contract.
Anonymous Coward (OP)
User ID: 82419335
Australia
07/12/2022 05:56 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
Lol please he will have a billion dollar penalty at the worst and Twitter is done the second it’s officially off.

Sorry there is a escape clause with a defined penalty.

There is never jail for contract law only fraud and the contracts are not fraudulent
 Quoting: Anonymous Coward 82205966


there is a clause saying he has to buy it. so the judge can order him to buy twitter. then if he doesn't buy it, he is in contempt of court and can get put in JAIL!!!!!!!

epiclol
 Quoting: Anonymous Coward 82419335


You are obviously a very young person.

If the previously aggreged on terms are not met by either terms then the contract is voided.

It would be like you buying a 500lb bag of potatoes, but then get a picture of 500lbs of potatoes instead.
They seller said he had value, but could not produce the said value.
 Quoting: Anonymous Coward 74787636


Elon's lawyers told him not to sign the contract but he did anyway. In the contract there is a "specific performance clause" and a "waiver of due diligence clause". so he has already agreed in writing and signed it that he is gonna pay $44 billion for twitter. Therefore the terms of the contract have been met coz Elon Musk signed a contract which Twitter basically did not have to do anything to meet the terms, and a contract where Musk agreed to buy twitter for $44 billion regardless of what a crap company it is.

Twitter is going to take him to court to force him to buy, because why would they accept $1 billion when Musk already agreed to pay $44 billion for a company currently worth about $24 billion? so if the judge says he has to buy, and then he doesn't buy, he can get put in jail for contempt of court. and he would stay in jail until... he buys twittter!!! (or maybe until he goes bankrupt and can't buy it)

epiclol
Anonymous Coward
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07/12/2022 05:57 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
This is a civil matter people don't go to jail for civil issues.

Musk would have even put in the offer. One of his hundreds of companies did.
Anonymous Coward
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Canada
07/12/2022 05:57 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
DISCLOSURE...

WILL SHOW...

ELON, WAS RIGHT...

ABOUT THE BOTS...

WHICH BEGS THE QUESTION...

WILL,ELON, MAKE AN OFFER TO TRINITY HERE @ GLP NEXT...1dunno1
 Quoting: ASTROPUSSY 35748761


hesright
Anonymous Coward
User ID: 81390733
United States
07/12/2022 05:59 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
What desperation by the same left that were doing everything possible to not make him buy.

Twatter knows it's f'ed either way as its likely nefarious ways will unglue it; it's now trying to make Elon the bagholder.

Sorry, this talking head is dead wrong. You don't agree to transact on say a Porsche, then handover a Porsche with a seized engine, sand in the oil tank, and a compromised chassis and force the deal saying "you agreed to buy it!".

There are always conditions precedent to tjese large deals, and twatter fell short in meeting these.

Musk 3, twatter -2.
Anonymous Coward
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07/12/2022 06:03 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
[link to www.godlikeproductions.com]
Anonymous Coward (OP)
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Australia
07/12/2022 06:08 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
While Musk may want to end his bid for Twitter, it's not as easy as just walking away, according to legal experts. Instead, Musk likely faces a long battle ahead with Twitter in court that could take many months to resolve.

Twitter's board is in a very difficult position, said Ann Lipton, a professor of corporate governance at Tulane Law School. "They can't just say, 'Alright, let's spare us the pain, Elon we'll let you knock the price down by $20 per share, or we'll settle, we'll agree to walk away if you just pay the billion dollar break fee. I mean, Twitter is just not in a position to be able to do that."

Doing so would risk triggering a lawsuit by Twitter shareholders, she added. Twitter shareholders have already filed a lawsuit against the company and Elon Musk himself over the chaotic deal.



"The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement," Taylor wrote in a tweet.


In order for there to be a "material breach" of the deal agreement, Musk would have to prove that Twitter made false statements that were so egregious they'd have a long term impact on the company's earnings potential, Lipton said.

Twitter appears to have the upper hand as the deal drama heads to court, Lipton said. The merger agreement includes a "specific performance clause," which says Twitter has the right to sue Musk to force him to go through with the deal, as long as he still has the debt financing in place.

[link to www.cnbc.com (secure)]
Anonymous Coward
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United States
07/12/2022 06:18 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
The SEC already stated twitter violated the agreement multiple times

To jail with the twitter board
Anonymous Coward
User ID: 17028734
Canada
07/12/2022 06:29 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
DISCLOSURE...

WILL SHOW...

ELON, WAS RIGHT...

ABOUT THE BOTS...

WHICH BEGS THE QUESTION...

WILL,ELON, MAKE AN OFFER TO TRINITY HERE @ GLP NEXT...1dunno1
 Quoting: ASTROPUSSY 35748761


hesright
 Quoting: Anonymous Coward 35748761


hesright
Anonymous Coward (OP)
User ID: 82419335
Australia
07/12/2022 06:31 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
The SEC already stated twitter violated the agreement multiple times

To jail with the twitter board
 Quoting: Anonymous Coward 77042550


did they just tell you that? or did they put it in a news article or on their website?
Fakename

User ID: 83831500
New Zealand
07/12/2022 06:37 AM

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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
The quality of news may have dropped around here the last couple of years, but the quality of retards is still top fucking notch.

nodding
fuckina
clintyes
dicaprio-agree
.
"Why don't you and I play a game of fuck off? you go first."

"Public ignorance is Government bliss"

"That was excessively violent and completely unnecessary, I loved it"
ASTROPUSSY
User ID: 83837351
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07/12/2022 06:39 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
The quality of news may have dropped around here the last couple of years, but the quality of retards is still top fucking notch.

:nodding:
:fuckina:
:clintyes:
dicaprio-agree
.
 Quoting: Fakename


give me three of the top news stories that you've ever gotten from here...

and if that's too hard for you.

just mention one story from here that peaked you're interest...
G. House

User ID: 79751928
United States
07/12/2022 07:11 AM

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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
Lol please he will have a billion dollar penalty at the worst and Twitter is done the second it’s officially off.

Sorry there is a escape clause with a defined penalty.

There is never jail for contract law only fraud and the contracts are not fraudulent
 Quoting: Anonymous Coward 82205966


I predict Twitter will be the one in trouble.

Fraud!

Best thing for them at this point is to let Elon walk away and then perform damage control, but it's too late.

They tried to drum out Trump over so-called Russian interference in the election.

What do you think having millions of fake bots backing the Dems is? The platform should be shut down and all involved prosecuted for conspiracy!

Get it NOW?
"Everybody lies."
Anonymous Coward
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07/12/2022 07:14 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
Elon's lawyers told him not to sign the contract but he did anyway. In the contract there is a "specific performance clause" and a "waiver of due diligence clause". so he has already agreed in writing and signed it that he is gonna pay $44 billion for twitter. Therefore the terms of the contract have been met coz Elon Musk signed a contract which Twitter basically did not have to do anything to meet the terms, and a contract where Musk agreed to buy twitter for $44 billion regardless of what a crap company it is.

Twitter is going to take him to court to force him to buy, because why would they accept $1 billion when Musk already agreed to pay $44 billion for a company currently worth about $24 billion? so if the judge says he has to buy, and then he doesn't buy, he can get put in jail for contempt of court. and he would stay in jail until... he buys twittter!!! (or maybe until he goes bankrupt and can't buy it)

epiclol
 Quoting: Anonymous Coward 82419335


Another bored kid out of school for the summer. ^^^

.
Anonymous Coward
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Canada
07/12/2022 07:38 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
DISCLOSURE...

WILL SHOW...

ELON, WAS RIGHT...

ABOUT THE BOTS...

WHICH BEGS THE QUESTION...

WILL,ELON, MAKE AN OFFER TO TRINITY HERE @ GLP NEXT...1dunno1
 Quoting: ASTROPUSSY 35748761


lmao
Anonymous Coward
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07/12/2022 07:48 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
Elon Musk is 'legally wrong' in backing out of $44 billion Twitter takeover and analysts say if he is forced to buy the company it will 'die slowly and painfully' as a CNBC host claims the billionaire 'may face jail time' if he refuses.

CNBC's David Faber made the claim when he appeared on Squawk on the Street on Monday days after Musk announced he was walking away from the highly publicized deal.

'There's no way they're going to take the walkaway fee,' Faber said on Monday. 'They have specific performance in the contract. They are going to have a Delaware judge enforce that contract and say, these are the reasons why.'

'Then the question is, ok, you are forcing Mr. Musk to buy the company, does he actually agree to do it?' Faber said. 'There is this argument being said lately that, well, maybe he won't comply with that. Then we would have a situation where they could put him in jail.'

Valued at $54.20-a-share when Musk and Twitter initially drew up the deal, Twitter's share price has since fallen to $34.64 at Monday's opening bell, a 6.3 percent drop from Friday's close.

[link to www.dailymail.co.uk (secure)]
 Quoting: twitter to the moooooon 82419335


Liberals are just mad because Elon exposed their dirty deeds and how truly vile liberals really are.
Anonymous Coward
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United States
07/12/2022 07:52 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
Lol please he will have a billion dollar penalty at the worst and Twitter is done the second it’s officially off.

Sorry there is a escape clause with a defined penalty.

There is never jail for contract law only fraud and the contracts are not fraudulent
 Quoting: Anonymous Coward 82205966


there is a clause saying he has to buy it. so the judge can order him to buy twitter. then if he doesn't buy it, he is in contempt of court and can get put in JAIL!!!!!!!

epiclol
 Quoting: Anonymous Coward 82419335


You have no clue the terms of the contract so shut your mouth.

To many levels of Ignorance to comment....
Anonymous Coward
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07/12/2022 07:52 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
yeah ok lol..
Anonymous Coward
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Sweden
07/12/2022 07:57 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
Why?
Wasn't he wearing a mask?
lmao
Dirck de Noorman

User ID: 82694589
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07/12/2022 08:53 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
Lol please he will have a billion dollar penalty at the worst and Twitter is done the second it’s officially off.

Sorry there is a escape clause with a defined penalty.

There is never jail for contract law only fraud and the contracts are not fraudulent
 Quoting: Anonymous Coward 82205966


there is a clause saying he has to buy it. so the judge can order him to buy twitter. then if he doesn't buy it, he is in contempt of court and can get put in JAIL!!!!!!!

epiclol
 Quoting: Anonymous Coward 82419335


Good Gods.

There will be no jail time for Musk.

If you don't pay your landlord, do you go to jail?

If the landlord takes you to court and the court orders you to pay the landlord, but you do not, do you go to jail?

No. Contracts are enforced through civil litigation.

If you don't pay your landlord and the landlord files a motion for enforcement of the judgement, your property could be subject to lien. Your bank accounts and/or assets could be frozen and seized.

That's all, though. No jail time.
Good girls go to heaven ~ Heathen women go wherever the fuck they want
Anonymous Coward
User ID: 82482050
Netherlands
07/12/2022 10:35 AM
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Re: Elon Musk could get put in JAIL if he refuses to buy Twitter!!!!
While Musk may want to end his bid for Twitter, it's not as easy as just walking away, according to legal experts. Instead, Musk likely faces a long battle ahead with Twitter in court that could take many months to resolve.

Twitter's board is in a very difficult position, said Ann Lipton, a professor of corporate governance at Tulane Law School. "They can't just say, 'Alright, let's spare us the pain, Elon we'll let you knock the price down by $20 per share, or we'll settle, we'll agree to walk away if you just pay the billion dollar break fee. I mean, Twitter is just not in a position to be able to do that."

Doing so would risk triggering a lawsuit by Twitter shareholders, she added. Twitter shareholders have already filed a lawsuit against the company and Elon Musk himself over the chaotic deal.



"The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement," Taylor wrote in a tweet.


In order for there to be a "material breach" of the deal agreement, Musk would have to prove that Twitter made false statements that were so egregious they'd have a long term impact on the company's earnings potential, Lipton said.

Twitter appears to have the upper hand as the deal drama heads to court, Lipton said. The merger agreement includes a "specific performance clause," which says Twitter has the right to sue Musk to force him to go through with the deal, as long as he still has the debt financing in place.

[link to www.cnbc.com (secure)]
 Quoting: Anonymous Coward 82419335


Easy enough.

Look they can drag it out as long as they want and while they have the right to sue they will bankrupt themselves trying. They do not have the upper hand because all musk needs to do is show 1 excess bots or 2 government interference. Taking requests or orders from government officials regarding censorship vastly undermines the profitability of a platform claiming to be impartial.

It’s over.





GLP