The Delaware court has powers to enforce its orders, and could appoint a receivership to seize some of Musk’s assets, namely Tesla stock, if he doesn’t comply, according to Tom Lin, a law professor at Temple University. — Reuters
Twitter wants a Delaware court to order Elon Musk to buy the social media service for US$44bil (RM204.55bil), as he promised back in April. But what if a judge makes that ruling and Musk balks?
The Tesla billionaire’s reputation for dismissing government pronouncements has some worried that he might flout an unfavourable ruling of the Delaware Court of Chancery, known for its handling of high-profile business disputes.
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