Re:Twitter plans to comply with Musk’s demands for data
by systemvoltage on Friday June 10, 2022 @01:24AM
(#31690371)
This is false. He declined his right to do any further due diligence based on what facts that presented in the SEC filings. If those facts turn out to be untrue, shareholders can sue Twitter.
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Re:Twitter plans to comply with Musk’s demands for data
by kmonsen on Friday June 10, 2022 @01:32AM
(#31690427)
Right, he declined to do more due diligence after having done none. Looking at SEC filings is not doing due diligence. It is also not statements Twitter made as part of the deal.
Shareholders can only sue Twitter if those facts are materially false. This is an incredibly high bar that is almost never met.