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Judge in Elon Musk-Twitter case once made rare order forcing deal to close
The Delaware judge overseeing Twitter’s lawsuit against Elon Musk once forced a reluctant company to complete a merger agreement it tried to exit.
Kathaleen McCormick, the chief judge of Delaware Chancery Court, will play a key role in determining whether Musk will be forced to honor his original $44 billion agreement to buy Twitter – despite his attempt to back out due to spam bots in the company’s user base.
McCormick’s history as a decision-maker could have implications for the Musk-Twitter battle. She is one of the few judges on record to have ordered the closure of a deal after one corporate entity tried to back out, Reuters reported, citing legal experts and available court documents.
Last year, McCormick compelled a subsidiary of private equity firm Kohlberg & Co. to complete a $550 million deal to buy DecoPac Holding Inc., a company that makes cake decorating products.
Kohlberg originally agreed to acquire DecoPac in March 2020, but tried to exit while arguing that the COVID-19 pandemic was a “materially adverse effect” on the agreement and that it lacked necessary financing. The firm also argued that DecoPac had failed to maintain normal business operations.
Like Twitter, DecoPac sued in an effort to force the deal’s completion. McCormick sided with DecoPac and described her ruling as “chalking up a victory for deal certainty.”
Musk accused Twitter of violating the merger agreement in the filing last week revealing his intent to back out of the deal. The Tesla CEO’s camp has also claimed the company has failed to maintain its normal business operations.
Meanwhile, Twitter argued that “Musk refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests.”
McCormick is the first woman to serve as chief judge of the Delaware Chancery Court.
“She already has a track record of not putting up with some of the worst behavior that we see in these areas when people want to get out of deals,” Adam Badawi, a law professor at the University of California Berkeley, told Reuters. “She is a serious, no-nonsense judge.”
Twitter has already requested a four-day trial on its case in September.
While some analysts have suggested that Twitter has the upper hand in its legal action against Musk, the final outcome for the dispute remains murky at best. It’s unclear what would happen if Musk were to simply refuse an order from the Chancery Court to complete the transaction.
CNBC’s David Faber has suggested that Musk could face jail time in that circumstance.
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The season finale of Riverdale aired in late July on The CW. Notice we said season finale? Thankfully, the beloved series will return for a seventh season, but, unfortunately, Season 7 will be the final installment of Riverdale.
If you already streamed the current season, make sure to read Alex Zalben’s interview with Riverdale showrunner Roberto Aguirre-Sacasa on Decider. If you’re waiting to binge Season 6 on Netflix, well, you better clear your calendar because all 22 episodes are about to drop on the streamer. What time will the sixth season of Riverdale debut on Netflix? What time does Netflix release shows? Here’s everything you need to know.
WHEN IS THE RIVERDALE SEASON 6 NETFLIX RELEASE DATE?
Riverdale Season 6 premieres Sunday, August 7 on Netflix.
HOW MANY EPISODES ARE IN RIVERDALE SEASON 6?
The sixth season of Riverdale consists of 22 episodes.
WHAT TIME DOES NETFLIX RELEASE NEW SHOWS?
Netflix releases new episodes at 3:00 a.m. ET/12:00 a.m. PT.
WHAT TIME WILL RIVERDALE SEASON 6 BE ON NETFLIX?
Netflix is based out of California, so Riverdale Season 6 will be available to stream at 12:00 a.m. Pacific Standard Time (3:00 a.m. Eastern Standard Time) beginning Sunday, August 7. If the clock strikes 12:00 (or 3:00 a.m. for folks on the East Coast) and you don’t see the new episodes, give it a moment, hit refresh, and then enjoy the show!
WILL THERE BE A SEASON 7 OF RIVERDALE?
Yes! Decider recently covered that very topic.
For further reading visit Source
Actress Anne Heche, known for her roles in such films as Donnie Brasco, Volcano and I Know What You Did Last Summer, was involved in a fiery car crash in the Mar Vista area of Los Angeles on Friday.
According to TMZ, Heche was driving a blue Mini Cooper and had first crashed into the garage of an apartment complex. Residents of the apartment complex tried to get her out of the vehicle but she backed up and sped off.
Footage of Heche speeding down the streets of her neighborhood had been obtained by TMZ as well as her initial encounter at the apartment complex.
In the first clip, you can hear her car crash towards the end. It has been reported that the actress crashed into someone’s home, causing her vehicle and the house to erupt into flames. Heche suffered severe burns and was resisting being taken away in a stretcher. You can also view footage of this via the TMZ article.
It has not been confirmed whether alcohol has been involved in the incident since her condition prevents doctors from performing any tests to determine if she was driving under the influence. She is currently intubated in the hospital but expected to live.
For further reading visit Source
Stay CL4SSY, New York!
The state Department of Motor Vehicles nixed 3,752 requests for vanity license plates in the last three years because it deemed them too raunchy, radical or simply ridiculous.
New York’s personalized plates go for $60 initially, and then $31.25 annually for renewal. You can get any plate as long as no one else has it and it’s not offensive.
Odds are a request for a plate that marks a wedding anniversary or shows your allegiance to a team — like METS86 — will pass muster with the DMV gatekeepers.
Vulgarity won’t get you to first base.
So plates with the phrase LFGM — the acronym for Pete Alonso’s “Let’s F–king Go Mets” rallying cry — did not make the cut.
And you won’t see anyone driving around with the custom plates MILFDAD, AS5M4N and WLHUNG.
The DMV also put NICEBUNS, FATFANNY, GOTAPOOP and BENDOVER in the rear-view mirror.
One player unsuccessfully tried to score the plate YESDADDY, to no avail.
The DMV also shot down such dark requests as DEADGIRL, GENOC1DE, S8TAN, DETONATE and MURDERM3.
Getting political is a dead end too — FJOEBIDN, FDTRUMP and CNNLIES were nixed.
LUDEDUDE, NARCO, GOT METH and BLUNT also went up in smoke.
Staten Island attorney Bill Dertinger said his blue 1995 Jaguar SJS was tagged with ESQLTD after his company and his 2014 Porsche had the plate GHOSTGTS because the sleek sportscar was white.
“The plates can make you stand out — which can be a curse or a blessing,” the 54-year-old Dertinger said. “Make sure you don’t cut anybody off.”
There must be a New York Jets fan playing referee at the DMV because a request for the seemingly innocent plate GASE was sidelined. Ex-Jets head coach Adam Gase had an offensive 9-23 win-loss record during his forgettable two-year tenure.
The DMV would not reveal who gives the final yea or nay.
“The DMV reviews all custom license plate requests and works hard to ensure that any combinations that may be considered objectionable are rejected,” said agency spokesman Tim O’Brien.
He said guidelines on what plate combinations are restricted can be found on the DMV website: https://dmv.ny.gov/learn-about-personalized-plates. Approximately 50,000 personalized and custom plates are sold per year, O’Brien said.
Bagged Tags
The state DMV has rejected 3,752 requests for custom license plates in the last three years because it deemed them potentially offensive. Here are some:
YESDADDY
FJOEBIDN
FDTRUMP
GLOCKS
FLYMOFO
BOOBIE
AS5M4N
BUDLIGHT
DEADGIRL
SUM8ITCH
GENOC1DE
S8TAN
CNNLIES
DETONATE
MURDERM3
MILFDAD
WLHUNG
Source: NYS DMV
For further reading visit Source
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