Elon Musk's Twitter Countersuit | A Legal Walkthrough (VL700)

91 pages. One countersuit. Just what does Elon Musk have to say in response to Twitter's attempt to force him to buy the company? And which arguments are stronger than others?

It's going to be a long fall...in Virtual Legality.

#elonmusk #twitter #deal

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CHAPTERS
00:00 Introduction (Thanks, Nord!)
04:00 Lawsuit - Overview
26:00 Lawsuit - Parties and Factual Allegations
43:06 Lawsuit - Twitter's Representations and Covenants
1:03:40 Lawsuit - mDAU and Indian Lawsuits
1:22:26 Lawsuit - Causes of Action and Conclusion

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Discussed in this episode:

YOUTUBE VIDEOS/PLAYLIST

ARTICLE

COUNTERSUIT

MERGER AGREEMENT

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"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

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Twitter: @hoeglaw

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DESIGN WORK
Joe Ellis (Logo Design)
Chris Leroux (Motion Graphics)
For more information: contact Chris at @Chrisleroux on Twitter.

PODCAST VERSIONS ALSO AVAILABLE

[HoegLaw]

It's going to be a long fall...in Virtual Legality.

[penguin]

Endless prayers for Hoeg! 💜

Always great content; get well soon... you are greatly missed! 💜

[tylersperry]

Thanks for giving the highlights and lowlights of the first half of a 165-page filing. There a few incendiary assertions in there that I hadn't heard before. One wonders how a judge could determine if Twitter's response to discovery met the standard of reasonableness. Hard to see how giving a buyer a doctored version of your tracking software displays good faith. One way or another I imagine some of the discovery will appear and be, for want of a better word, entertaining.

[thentil]

This was great, never even fell asleep! Can't wait for part 14.

[Acre]

Mr. Hoag, how common is it for two parties that don't trust each other at all to engage in a transaction like this?

It seems pretty clear that neither side thought the either was on the level at any point of this deal. Musk (ostensibly) wanted to buy the platform because he didn't trust the managers, and Twitter's managers never wanted to sell to Musk in the first place. I would think in such an environment doing business of any sort would be difficult and most people and businesses would avoid it

[olgayolgina]

Watching, liking and commenting to help the YT algorithms. Sending pixie dust to the Hoeg Team ❤

[RobAryeeArc]

The saga continues.
Thanks Hoeg L&R

[attilazimler]

It's funny to see in the description that Musk is preventing carbon from entering into the atmosphere, then in the next sentence, highlighting that he is doing it on a large scale with Space X.

[donmeyering]

Join the movement! #RewatchforHoeg #ShrimpFriedRice 2.1.23

[olafstelling]

Check out the reports on Twitters undisclosed data breach. This could incur a fine of up to 5% revenue in the EU if true.

[sharonmwill]

LOL, I had to go see if there were ads on twitter, and it happens that most of the posts I ignore are actually ads. I guess 25 + years on the internet helps in ignoring such things.

[randomizer]

There is a whole lot of 'he said' 'they said' in this case, I do not envy the judge trying to figure this out...

[JustinDoesntLookAt]

HAPPY 700. Here's to another 700 more

[vawlkus]

Given all of the shenanigans on both sides here, is it likely for the court to just wash it's hands of the whole thing and tell both sides to work it out themselves?

[xntumrfoivrnwf]

What does "steal rhetorical base" mean?

[jeanlouise]

Looking forward to your healthy return

[smashmonkey]

22:00 I don't necessarily agree with this assessment. If they're disclosures say it's "X" but its really "Y", then its a problem. At least in financial accounting, the standard is "Does it materially affect the users opinion of the statements." and I would have to say if the number went from 238 million to 16 million, it would. These are SEC filing, so they need to be pretty accurate. Even if its a metric Twitter created, it needs to be in line with what they are asserting. If Twitter is telling investors that 238 million users are monetizable but only 16 million see ads, than that a problem. At a minimum, they'd need to refile.

[SteveJonesOwnsDSP]

I'll wait for the cliffnotes. Or maybe tune in mid-October when the trial starts. All this intermediate stuff is just drama in the short term.

[rafaelguimaraesalmeida]

Hoeg quick question, what happens if someone uses Twitter for like 1 hour per day, but they do it using an Ad Blocker and Twitter count that person in the mDAU, wouldn't they kinda of being lying? I know you cannot track which people use Ad Blockers but they do exist.

[samuelcook]

About half of the tech companies I work with instituted hiring freezes this past spring/summer -- is it really not in the ordinary course of business if it's an industry-wide pull back of hiring due to inflation/recession concerns?