Kathaleen “McCorrupt” McCormick, the bank-breaking Judge who has kept Chancellor Bouchard’s habit of thieving TransPerfect workers going and going and going, will keep the Musk-case for herself (shocker).
All eyes will be on our home state’s Kangaroo Chancery Court, which does not have any rules whatsoever in place to prevent something like McCormick say… owning shares of Twitter personally. In fact, Chancery judges don’t even have to disclose their conflicts of interest to the parties. We know this, because all the while she’s ruling against TransPerfect, she’s never disclosed that she was actually H.I.G. Capital’s attorney.
She is the first female Chief Chancellor, but don’t be fooled, she’s as “Good Ole Boy” as they come–circling the wagons to keep paying off Skadden, Chancellor Bouchard’s former employer, with money from TransPerfect employees. McCorrupt and Skadden should be ashamed, but they should also be fearful. Why?
Because Chancery, where verdicts can be bought with influence according to Hunter Biden’s emails, will be on the national stage. And, the Coastal Network will continue to shine a spotlight on corruption, as I bring you the latest on the Musk-Twitter fight that everyone from disgraced Leo Strine to filthy Kevin Shannon is looking to cash in on.
If you have thoughts on Musk-Twitter, McCorrupt, or anything related to draining Delaware’s swamp, your feedback is always welcome.
JUDSON Bennett, Coastal Network
WILMINGTON, Del., July 13 (Reuters) – The first female chief judge on Delaware’s nationally known business court will oversee Twitter Inc’s (TWTR.N) lawsuit that seeks to hold Elon Musk to his agreement to buy the social media platform for $44 billion, according to court records.
Kathaleen McCormick took over the role of chancellor, or chief judge, last year after the retirement of Andre Bouchard on the Court of Chancery, a favored venue for large corporate disputes.
Among McCormick’s first decisions will be a request by Twitter to hold a four-day trial in September, an incredibly tight time frame for such a complicated case.
McCormick’s final ruling on the merger can be appealed to the Delaware Supreme Court.
Twitter accused Musk of a long list of violations of the merger agreement in the lawsuit it filed on Tuesday. It said the world’s richest man wanted to back out in part because of a downturn in the stock of Tesla Inc , the electric vehicle maker where he is chief executive.
Musk accused Twitter of breaching the merger agreement because it refused to share information on spam accounts, made misrepresentations and strayed from its normal course of business by firing executives.
McCormick is also overseeing a case by shareholders of Tesla who are seeking to void Musk’s $56 billion compensation package from the automaker. She scheduled an October trial in that case.
Reporting by Tom Hals in Wilmington, Del. Editing by Matthew Lewis