this post was submitted on 06 Oct 2024
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[–] Kazumara@discuss.tchncs.de 41 points 1 month ago (2 children)

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@lemmy.world 23 points 1 month ago (1 children)

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@sh.itjust.works 8 points 1 month ago

Pharmaceutical businesses enter the chat

[–] Red_October@lemmy.world 19 points 1 month ago (1 children)

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

[–] AeonFelis@lemmy.world 7 points 1 month 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?