Re:Twitter Adopts Limited Duration Shareholder Rights Plan
by zionic on Friday April 15, 2022 @05:08PM
(#31045847)
>It sounds like "the banks," who would be in an even more privileged position to know if the $420 offer was legitimately secured
Speculation. What's not speculation however is that the company suffered material harm as a byproduct of malicious prosecution.
If I, as a government employee, open a public investigation into someone whom I know to be innocent and cause that entity harm I have incurred liability. The SEC knew Elon had the funding, they used weasel words to imply he did not. The SEC would have lost in court. _All_ contracts have contingencies, this was no different. Saying that because a contingency existed the funds were "not secure" is horsecrap.
Speculation. What's not speculation however is that the company suffered material harm as a byproduct of malicious prosecution.
If I, as a government employee, open a public investigation into someone whom I know to be innocent and cause that entity harm I have incurred liability. The SEC knew Elon had the funding, they used weasel words to imply he did not. The SEC would have lost in court. _All_ contracts have contingencies, this was no different. Saying that because a contingency existed the funds were "not secure" is horsecrap.