• @[email protected]
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    412 months ago

    Wheelahan found that under Nevada law, merging Twitter into X turned Twitter into a “constituent entity,” which then transferred all of Twitter’s legal consequences to X Corp.

    Isn’t that how it works everywhere? What where they even arguing for?

    • @kalleboo
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      232 months ago

      Like, if that worked, wouldn’t every company just sell itself to a new shell company once a year and drop every kind of legal liability?

      • Bakkoda
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        82 months ago

        Pharmaceutical businesses enter the chat

    • @Red_October
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      192 months ago

      Elmo was really hoping he found a SovCit level loophole to just escape all consequences.

      • @AeonFelis
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        72 months ago

        Which is weird, because SovCits are a cargo cult who try to mimic the legal miracles top lawyers sometimes manage to pull off. Musk should be different - he does have access to these top lawyers who do have deep understanding of the law.

        Unless Twittex’ lawyers got the same treatment the engineers got?