The judge overseeing Twitter Inc.’s US$44-billion lawsuit against Elon Musk has a no-nonsense reputation as well as the distinction of being one of the few jurists who has ever ordered a reluctant buyer to close a U.S. corporate merger
“She already has a track record of not putting up with some of the worst behaviour that we see in these areas when people want to get out of deals,” said Adam Badawi, a law professor who specializes in corporate governance at the University of California Berkeley. “She is a serious, no-nonsense judge.”In contrast to Musk’s brash and volatile behaviour, she is known as soft-spoken, approachable and amiable — but a person who also stands her ground.
After weeks of confrontational tweets suggesting Twitter was hiding the true number of fake accounts, Musk said on Friday he was terminating the US$54.20-per-Twitter share acquisition, worth US$44 billion. On Tuesday, the social media platform sued. Last year, McCormick got the attention of Wall Street dealmakers by ordering an affiliate of private equity firm Kohlberg & Co LLC to close its US$550-million purchase of DecoPac Holding Inc, which makes cake decorating products.Article content
The case has many parallels to the Twitter deal. Like Musk, Kohlberg said it was walking away because DecoPac violated the merger agreement. Like Musk, Kohlberg argued in part that DecoPac failed to maintain ordinary operations.
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