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VOICE ARCHIVE

@chancery_daily

@chancery_daily
56 posts
2023-05-10
She does not bury the lede: Jack made a terrible decision. Delaware law allows business leaders to make terrible business decisions, as long as directors approve them in good faith. This a demand futility case. Plaintiff did not meet the pleading burden. Case dismissed. 7/ https://twitter.com/...
2023-05-10 View on X
Associated Press

A US judge dismissed a shareholder lawsuit against Block over its 2021 Tidal acquisition, saying the company was “free to make a terrible business decision”

A Delaware judge has dismissed a shareholder lawsuit against financial technology company Block Inc. over its 2021 acquisition …

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Chancellor Kathaleen St. Jude McCormick issues her decision in the Block, Inc. case against Jack Dorsey and the other directors. I've been waiting on this one, y'all. Shall we, for old times' sake? 1/ https://twitter.com/...
2023-05-10 View on X
Associated Press

A US judge dismissed a shareholder lawsuit against Block over its 2021 Tidal acquisition, saying the company was “free to make a terrible business decision”

A Delaware judge has dismissed a shareholder lawsuit against financial technology company Block Inc. over its 2021 acquisition …

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Then, how the ‘twain shall [have met]. Jack was diggin’ it. 10/ https://twitter.com/...
2023-05-10 View on X
Associated Press

A US judge dismissed a shareholder lawsuit against Block over its 2021 Tidal acquisition, saying the company was “free to make a terrible business decision”

A Delaware judge has dismissed a shareholder lawsuit against financial technology company Block Inc. over its 2021 acquisition …

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2023-04-11
brand safety, but make it not, and make it for intimate personal shit https://twitter.com/...
2023-04-11 View on X
Techdirt

Matt Taibbi's account, including the Twitter Files, was shadowbanned for a while after a spat with Elon Musk, preventing users from finding his tweets in search

The refrain to remember with Twitter under Elon Musk: it can always get dumber.  —  Quick(ish) recap:

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2022-12-14
do you have any idea how far musk has jumped the shark for this to be happening https://twitter.com/...
2022-12-14 View on X
New York Times

Sources: Twitter stopped paying rent on offices and is considering not paying severance packages to cut costs, as its top lawyer Alex Spiro leaves the company

Twitter has stopped paying rent on offices and is considering not paying severance packages to former employees, among other measures.

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2022-12-13
SBF no longer in self custody
2022-12-13 View on X
CNBC

Bahamas AG Ryan Pinder and US SDNY Attorney Damian Williams confirm Bahamas police arrested Sam Bankman-Fried, who is under indictment and could be extradited

- The cofounder and former CEO of bankrupt crypto trading firm FTX was arrested in the Bahamas after the U.S. attorney …

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SBF no longer in self custody
2022-12-13 View on X
U.S. Securities and Exchange Commission

The SEC charges Sam Bankman-Fried with defrauding investors and concealing diverting FTX customer funds to Alameda while raising $1.8B+ since at least May 2019

Defendant concealed his diversion of FTX customers' funds to crypto trading firm Alameda Research while raising more than $1.8 billion from investors

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2022-12-02
just go ahead and enter it into evidence tbh https://twitter.com/...
2022-12-02 View on X
New York Times

A video and live blog of Sam Bankman-Fried being interviewed by Andrew Ross Sorkin at the New York Times' DealBook Summit, covering FTX, Alameda, and more

FTX, the crypto exchange Mr. Bankman-Fried founded, declared bankruptcy this month in a failure that wiped out billions of investor dollars.

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2022-12-01
just go ahead and enter it into evidence tbh https://twitter.com/...
2022-12-01 View on X
New York Times

A video and live blog of Sam Bankman-Fried being interviewed by Andrew Ross Sorkin at the New York Times' DealBook Summit, covering FTX, Alameda, and more

FTX, the crypto exchange Mr. Bankman-Fried founded, declared bankruptcy this month in a failure that wiped out billions of investor dollars.

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2022-10-14
here's what I can promise you, even on this tight timeline, if this was something that Twitter felt was absolutely central to their case, this wouldn't have been the first time the court heard about it, absent extraordinary circumstances. this is application of pressure. 4/ https://twitter.com/...
2022-10-14 View on X
Bloomberg

In a July 2022 filing, Twitter said Elon Musk was under US federal investigation for his acquisition bid; the company has requested related documents

Billionaire Elon Musk is being investigated by federal authorities related to his attempted acquisition of Twitter Inc. …

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no offense, bc it's understandable, but y'all are pretty swayed by advocacy, and the way the media just absolutely eats up allegations as fact is not helping. I'm not saying there's nothing here, I'm saying it's not news to the parties. Their calculus has all this baked in. 3/ https://twitter.com/...
2022-10-14 View on X
Bloomberg

In a July 2022 filing, Twitter said Elon Musk was under US federal investigation for his acquisition bid; the company has requested related documents

Billionaire Elon Musk is being investigated by federal authorities related to his attempted acquisition of Twitter Inc. …

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it's scandalous sounding and overblown, in the way that any brief that's worth filing a week and a half before trial will be. whether it has substantial legs, remember the context in which it was filed—barreling toward trial, guns blazing, pulling all the stops. 2/ https://twitter.com/...
2022-10-14 View on X
Bloomberg

In a July 2022 filing, Twitter said Elon Musk was under US federal investigation for his acquisition bid; the company has requested related documents

Billionaire Elon Musk is being investigated by federal authorities related to his attempted acquisition of Twitter Inc. …

View original
look, are there documents between Musk and government agencies about this transaction? yes. did he claim privilege on them? yes. is this news? no. IS THIS BREAKING NEWS? also no. ******IS THIS ABSOLUTELY BREAKING NEWS?????****** yeah, still no. 5/ https://twitter.com/...
2022-10-14 View on X
Bloomberg

In a July 2022 filing, Twitter said Elon Musk was under US federal investigation for his acquisition bid; the company has requested related documents

Billionaire Elon Musk is being investigated by federal authorities related to his attempted acquisition of Twitter Inc. …

View original
2022-10-07
ok, now I feel like someone just has beef with the fact that it's the Delaware Court of Chancery, also, “Twitter responded” makes me both 1) wonder if there's more than the tweet and 2) think there's only the tweet, but wonder if there was also an 8-k that I missed w/it 11/ https://twitter.com/...
2022-10-07 View on X
The Verge

Filing: a judge grants Elon Musk's request to halt the Twitter trial and says that if the deal doesn't close by 5pm on October 28, the trial begins in November

The pending trial between Elon Musk and Twitter is suddenly on hold, as Judge Kathaleen McCormick granted the Musk side's request for a stay …

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the real question facing me here is whether or not it is possible for me to write this tweet without using the words “funding secured” oop guess not 9/ https://twitter.com/...
2022-10-07 View on X
The Verge

Filing: a judge grants Elon Musk's request to halt the Twitter trial and says that if the deal doesn't close by 5pm on October 28, the trial begins in November

The pending trial between Elon Musk and Twitter is suddenly on hold, as Judge Kathaleen McCormick granted the Musk side's request for a stay …

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“Defendants have agreed to do exactly that.” citation: Merger Agreement, dated April 25, 2022 and how is that working out, ya know, like, rn? “no significant current impact” ROTFL y'all c'mon stahppp you're killing me 4/ https://twitter.com/...
2022-10-07 View on X
The Verge

Filing: a judge grants Elon Musk's request to halt the Twitter trial and says that if the deal doesn't close by 5pm on October 28, the trial begins in November

The pending trial between Elon Musk and Twitter is suddenly on hold, as Judge Kathaleen McCormick granted the Musk side's request for a stay …

View original
sorry, I had to pick my jaw up off the floor, I'm back now. “by far the most likely” also, Your Honor, don't you love shareholders? you don't want shareholders to get their money soon? is ... quite a take from someone who has been doing what for the past how many months? 7/ https://twitter.com/...
2022-10-07 View on X
The Verge

Filing: a judge grants Elon Musk's request to halt the Twitter trial and says that if the deal doesn't close by 5pm on October 28, the trial begins in November

The pending trial between Elon Musk and Twitter is suddenly on hold, as Judge Kathaleen McCormick granted the Musk side's request for a stay …

View original
“effectively mooted the action” is big talk 2/ https://twitter.com/...
2022-10-07 View on X
The Verge

Filing: a judge grants Elon Musk's request to halt the Twitter trial and says that if the deal doesn't close by 5pm on October 28, the trial begins in November

The pending trial between Elon Musk and Twitter is suddenly on hold, as Judge Kathaleen McCormick granted the Musk side's request for a stay …

View original
I'm just moderately speechless at this languaging. RECKLESSLY PUTTING THE DEAL AT RISK Y'ALL who has been doing what now also, this is why deal team is not litigation counsel 5/ https://twitter.com/...
2022-10-07 View on X
The Verge

Filing: a judge grants Elon Musk's request to halt the Twitter trial and says that if the deal doesn't close by 5pm on October 28, the trial begins in November

The pending trial between Elon Musk and Twitter is suddenly on hold, as Judge Kathaleen McCormick granted the Musk side's request for a stay …

View original
the sheer audacity to call on the principle of “not wasting ppl's [not to mention the COURT'S] time or money” here is breathtaking also how or why would the deal and litigation counsel be the same they are just not and def on twitter this am, seems like he's not super busy 23/ https://twitter.com/...
2022-10-07 View on X
The Verge

Filing: a judge grants Elon Musk's request to halt the Twitter trial and says that if the deal doesn't close by 5pm on October 28, the trial begins in November

The pending trial between Elon Musk and Twitter is suddenly on hold, as Judge Kathaleen McCormick granted the Musk side's request for a stay …

View original