Twitter is in a horrible situation. They might as well be playing against Chuck Norris in anything because they are going to get beat.
The Gateway Pundit reported over the weekend and in the past that if Twitter accidentally or purposefully misrepresented numbers reported to the SEC, they are in lots of trouble. These numbers to the SEC need to be perfect. Erroneous reporting indicates either the firm is incompetent or has a lack of controls in their financial reporting. This then would lead to questions about what else might be wrong in reporting and inaccurate.
Or the firm could be reporting numbers to the SEC that are inaccurate on purpose. This is worse because this could be determined to be a crime and the actions related to committing fraud. This would be bad for the company and very bad for those involved.
But Twitter management, the same people who censor free speech on their platform and reportedly misreport information to the SEC, are looking to fight Musk and apparently force him to buy the company?
The Verge reports:
Twitter lawyered up. The company reportedly hired Wachtell, Lipton, Rosen & Katz, a firm notable enough to have its own Wikipedia page, and a founding partner, Martin Lipton, credited with inventing the shareholder rights plan or “poison pill” defense that Twitter initially used to put the brakes on Musk’s attempted buyout.
Twitter looks to be trying to buy influence on the court in Delaware.
The social media giant hired the Watchell, Lipton Rosen & Katz, and plans to file suit against Musk early this week, Bloomberg reported.
The hiring of Wachtell gives the company access to lawyers Leo Strine and Bill Savitt, who previously served as Chancellors of the Delaware Chancery Court where the lawsuit would be heard.
This is the left’s strategy today. If you can’t possibly win a case, then place it in a far-left court where you can’t lose. DC, New York, and other major cities are no longer places where free Americans can get a fair trial. So, here we go.