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by tinyhouse
1435 days ago
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Good chance TWTR is going up 10-15% tomorrow (Tuesday) when the court approves Twitter's request for a fast trail. (risky of course cause the stock can drop even more if the court rejects the request but I think it's unlikely) |
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That said, I read both filings and thought Musk made a good argument that because the "drop dead date" specifically extends in the case of a legal dispute that both parties INTENDED that there was no need to rush a hearing beyond when financing expires. Where he goes wrong, I think, is his expectation of being owed significant discovery. Either this is a fishing expedition to find a justification after-the-fact, or else his briefing didn't outline key evidence of fraud that he's saving for later. My guess is the former, but we will see.
So I think we go a bit beyond the drop-dead date, but not much more because I don't think the judge wants a drawn-out process.