Transactional Liability News

Twitter Rejects Musk’s Claims That He Was Hoodwinked

Twitter Inc. on Thursday dismissed Elon Musk’s claims in a Delaware court filing that he was hoodwinked into signing the deal to buy the social media company, saying that it was “implausible and contrary to fact.” Musk made the claims …

Elon Musk Files Countersuit Under Seal Versus Twitter Over $44 Billion Deal

Elon Musk countersued Twitter Inc. on Friday, escalating his legal fight against the social media company over his bid to walk away from the $44 billion purchase, although the lawsuit was filed confidentially. While the 164-page document was not publicly …

Twitter’s Battle With Elon Musk Over $44 Billion Deal Heads to Oct. 17 Trial

Twitter’s bid to hold Elon Musk to his $44 billion deal for the social media platform will head to a five-day trial beginning Oct. 17, and Musk must reveal by the end of Friday any legal claims he has against …

Twitter Sues to Force Musk to Consummate $44 Billion Buyout

Twitter Inc. sued Elon Musk over his abandoned $44 billion takeover bid, accusing the billionaire of having buyer’s remorse after his fortune declined. Lawyers for Twitter told a Delaware judge that the world’s richest man should be forced to honor …

Twitter Assembles Legal Team to Sue Musk Over Dropped Takeover

Twitter Inc. has hired merger law heavyweight Wachtell, Lipton, Rosen & Katz as it races to sue Elon Musk for moving to dump his $44 billion takeover of the company, according to people familiar with the matter. The social media …

Musk Says He May Drop Twitter Deal if Fake-Account Data Not Provided

Elon Musk warned Twitter Inc. on Monday that he might walk away from his $44 billion deal to acquire the social media company if it fails to provide the data on spam and fake accounts that he seeks. This was …

People Moves: Lockton Restructures Int’l Leadership; MGA Arcadian Promotes Barna for Transactional Liability; McGill and Partners Hires DARAG’s Hill for Structured Solutions

This edition of International People Moves details appointments at brokers Lockton and McGill and Partners as well as the Bermuda MGA Arcadian Risk Capital. A summary of these new hires follows here. Lockton Announces New International Leadership Structure Lockton, the …

M&A Insurance Rates Nearly Double After Explosion of Dealmaking During Pandemic

The cost of insurance to cover problems involving M&A has nearly doubled in just two years, underwriters and brokers said, after an explosion of global dealmaking during the COVID-19 pandemic. Potential buyers take out insurance to protect against issues such …

Mosaic Insurance Launches Transactional Liability Market

Mosaic Insurance began underwriting transactional liability coverage with a new product launched last month in the United States amid a current upsurge in mergers and acquisitions (M&A) activity. The global specialty insurer, launched in February 2021, offers a market on …

Judge Rules Former Viacom Shareholders Can Sue Over ViacomCBS Merger

A Delaware judge ruled this week that former Viacom shareholders may pursue a lawsuit accusing Shari Redstone of engineering a “patently unfair” merger that created ViacomCBS Inc. so she could become a media magnate like her late father, Sumner Redstone. …