Twitter’s Bombshell Civil Complaint Against Elon Musk Contains Hints that Morgan Stanley May Not Be Willing to Provide the Debt Necessary to Close the Deal
Twitter’s Merger Agreement with Elon Musk contains a provision that allows the billionaire to walkway from the deal if the lenders do not fund at least $13 billion in debt.
Eleven minutes after the market closed today Peter Walsh, Jr. filed a 62-page complaint1 on behalf of William “LawDragon” Savitt2, against Elon Musk and the shell companies he formed to sign the Merger Agreement with Twitter. Savitt’s prayer for relief was simple - the court should order Elon Musk to buy Twitter.3
Savitt persuasively rejects each of the re…