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Re:Notice of termination of Twitter merger agreement by xadhominemx on Friday July 08, 2022 @05:37PM (#32027543)
Fraud is not enough. It has to be fraud bad enough to cause a materially adverse effect, which means it would have to seriously impair the value of the business.
Re:Notice of termination of Twitter merger agreement by tptacek on Friday July 08, 2022 @05:42PM (#32027618)
Which is why it's not fraud --- Delaware has effectively never finds MAEs. The premise of him walking away is his (utterly specious, but perhaps practically effective) claim that Twitter breached the acquisition contract by refusing to live up to its information covenants.