Knows RobDec 17, 2022
Chance The Lawyer ⚡︎

Welp, I suppose it was inevitable!

The first 2.0 suit was filed today in Delaware Court of Chancery—

it was filed under seal against Twitter by John Barnett formerly of Chroma Labs. The complaint will be made public in five business days.

The suit if for declaratory relief and specific performance of a restricted stock agreement, which imma assume was not paid as promised in the merger agreement, RSA, and proxy.

#Twitter #Musk #DelawareCourts #CourtofChancery #CorporateLaw #LawFedi

Dec 17, 2022 at 1:34amWeb
Show threadamroDec 17, 2022
@chancerydaily 👀
Show threadMike ElyDec 17, 2022
@chancerydaily "among other things." LOL
Show threadJasmine DiazDec 17, 2022
@chancerydaily this is the problem with firing people on a whim 🤦🏾‍♀️
Show threadScience is RealDec 17, 2022
@chancerydaily
elmo is a fraud. hoping mastodon and post can quickly replace twitter
Show threadNick 'The Viking'Dec 17, 2022

@chancerydaily

This is nearly 2 years ago?

Can this be explained in plain terms?

Show threadChance The Lawyer ⚡︎Dec 17, 2022
@nlarson830 many acquisitions over the years were made in exchange for restricted stock agreements with the founders. all those restricted stock units were -- by and large -- supposed to be accelerated and redeemable for merger consideration at the time of the merger. Elon has not honored many of those obligations.
Show threadNick 'The Viking'Dec 17, 2022

@chancerydaily

So he's not paid another slate of bills....

Show threadarcadiagt5Dec 17, 2022
@chancerydaily Ahhh gotta love Elon’s “Contracts are for other people, not me” attitude. ‘tis truly the gift that keeps on giving.
Show threadJames AlexanderDec 17, 2022
@chancerydaily CHANCE you're posting different stuff here and on the bird? Now I have to check BOTH to make sure I get everything from you?! (in other news I need to find a gif search extension or something for here... but <insert shame gif>)