(FreedomBeacon.com)- The current state of Twitter is terrible. They would be in grave danger if they misled data submitted to the SEC by accident or design. These figures must be accurate for the SEC. When financial reporting is inaccurate, the company is either inept or lacking in controls. This would then raise concerns about other potential inaccuracies in reporting.
They may be intentionally reporting false data to the SEC. The activities involved in perpetrating fraud make this situation worse since it may be found that they constitute a crime. Both the business and everyone involved would suffer significantly if this happened.
But Twitter management, who might be falsifying information to the SEC and censors free speech on their platform, is attempting to battle Musk and force him to purchase the business? That’s not a great position.
Elon Musk’s decision to back out of his $44 billion offer to acquire the company has led to Twitter hiring a stout Delaware-based law firm to file a lawsuit against him.
The firm reportedly hired Wachtell, Lipton, Rosen & Katz, whose founding partner, Martin Lipton, is credited with creating the shareholder rights plan or “poison pill” defense. Twitter initially used this technique to thwart Musk’s attempted takeover. The firm is notable enough to have its own Wikipedia page.
Leo Strine and Bill Savitt, attorneys who once held the position of Chancellors of the Delaware Chancery Court where the litigation would be heard, are now available to the business through the hire of the Wachtel firm.
The left’s tactic is always the same- file a no-win lawsuit in a fellow traveler’s far-left court, and you’ll prevail.
No fair trials are available for free Americans in Washington, D.C., New York, or other large cities.
Quinn Emanuel Urquhart & Sullivan, which has also been given the Wikipedia treatment and may be more well-known, is reportedly the firm Musk has chosen.
Previously, it defended Musk in his “pedo guy” defamation case. They also represented him over the legal repercussions of his “funding secured” tweet about taking Tesla private in claims against the SEC and an ongoing shareholder lawsuit.