What if Elon Musk loses the Twitter case but defies the court?


The Delaware court has powers to enforce its orders, and could appoint a receivership to seize some of Musk’s assets, namely Tesla stock, if he doesn’t comply, according to Tom Lin, a law professor at Temple University. — Reuters

Twitter wants a Delaware court to order Elon Musk to buy the social media service for US$44bil (RM204.55bil), as he promised back in April. But what if a judge makes that ruling and Musk balks?

The Tesla billionaire’s reputation for dismissing government pronouncements has some worried that he might flout an unfavourable ruling of the Delaware Court of Chancery, known for its handling of high-profile business disputes.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Tech News

US finalizes $1.5 billion chips award for GlobalFoundries to expand production
KPMG to spend $100 million on AI partnership with Google Cloud
Comcast to spin off some cable TV networks as streaming dominates
DuckDuckGo says Google should face fresh EU probes into compliance with tech rules
Northvolt appoints restructuring expert to oversee main battery plant
Chinese robotaxi firm Pony AI seeks up to $4.55 billion valuation in upsized US IPO
Apple makes $100 million investment proposal for new plant in Indonesia
Apple to urge judge to end US smartphone monopoly case
Japan government plans to invest $1.3 billion in chipmaker Rapidus in FY2025, Nikkei says
Google prosecutors to propose cure for search monopoly

Others Also Read