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Official Blog of the AALS Section on Contracts

Weekend Frivolity Elon Musk Gets Legal Advice from Creed Bratton

July 9, 2022

As you all know, Elon Musk entered into an agreement to buy Twitter.  Shortly thereafter, Twitter’s stock price dropped, making the price Musk agreed to pay a bit high.  As we covered here, he tried the poop emoji, then he learned that he had to allege a material breach in order to get out of the deal and avoid paying the $1 billion penalty fee.

Now, he has announced that he is “terminating” the deal.  We have a recreation of how this came about, with Michael Scott recreating Musk’s role and Creed Bratton playing the role of Musk’s legal advisors (and Oscar Martinez playing his smarter advisors):