Twitter is taking Tesla CEO Elon Musk to court to complete the $44 billion take over deal that Elon Musk, the world’s richest man, has been trying to get out of. The lawsuit will take place not in the city or state where either company is headquartered, but at the Delaware Court of Chancery in Georgetown, Delaware.
This will be a return appearance to the Delaware Court of Chancery for Musk, as the Tesla CEO won a lawsuit brought by the company’s shareholders. The Delaware Court of Chancery has decided cases involving many high end fortune 500 companies. Delaware is home to many of the world’s Fortune 500 companies. As a matter of fact, 2/3 of the Fortune 500 companies are incorporated in Delaware.