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