• Kazumara@discuss.tchncs.de
    link
    fedilink
    English
    arrow-up
    31
    ·
    1 month 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@lemmy.world
      link
      fedilink
      English
      arrow-up
      13
      ·
      1 month 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?

      • AeonFelis@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        ·
        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?