Virtual Legality

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(0:00) Introduction

(1:50) Reports are Greatly Exaggerated

(8:07) Gems in the Press Release

(19:00) Can they Force the Shareholders? (DGCL)

(23:02) How About Regulatory Review? (FTC)

(26:41) Conclusion

Once Elon Musk showed he was serious, it was the Twitter Board's fiduciary duty to match. And here we are.

It certainly looks like everything is coming up Musk...in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/ShwZdYpkKDs

#ElonMusk #Twitter #Acquisition

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SUPPORTING THE CHANNEL

UTREON - https://utreon.com/c/hoeglaw/

PATREON - https://www.patreon.com/VirtualLegality

STORE - https://teespring.com/stores/hoeg-law-store

BITCAST (11AM Eastern) - https://www.youtube.com/channel/UCgHBXONMT06nX_8RZ5r32UA

***

Discussed in this episode:

PLAYLIST

https://www.youtube.com/playlist?list=PL1zDCgJzZUy_O52bErVCYZfVYMgVgu3nX

ARTICLES

https://finance.yahoo.com/news/twitter-board-gets-an-f-for-dealing-with-elon-musk-former-sec-chairman-163756232.html

https://www.reuters.com/technology/exclusive-twitter-set-accept-musks-best-final-offer-sources-2022-04-25/

https://finance.yahoo.com/news/twitter-board-gets-an-f-for-dealing-with-elon-musk-former-sec-chairman-163756232.html

https://www.foxbusiness.com/markets/elon-musk-holding-companies-twitter

https://www.foxbusiness.com/politics/twitter-re-examines-musks-bid-tesla-ceo-secures-financing

https://www.wsj.com/articles/twitter-re-examines-elon-musks-bid-may-be-more-receptive-to-a-deal-11650822932

SEC FILINGS

https://www.sec.gov/Archives/edgar/data/0001418091/000110465922045641/tm2212748d1_sc13da.htm

https://www.sec.gov/Archives/edgar/data/0001494730/000110465922048128/tm2213229d1_sc13da.htm

https://www.sec.gov/Archives/edgar/data/1418091/000110465922048128/tm2213229d1_ex99-e.htm

***

"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

***

Twitter: @hoeglaw

Web: hoeglaw.com

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(0:00) Intro

(1:00) How did we get here

(2:50) The poison pill

(8:13) SEC filing

(11:04) Poison pill

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(0:00) Introduction

(2:05) Foundational Principles (Bargaining Units)

(8:30) The NLRB Decision - Overview

(13:20) The NLRB Decision - How Raven Operates

(20:44) The NLRB Decision - What QA Does

(30:04) The NLRB Decision - Legal Analysis (Balancing Test)

(50:20) Calling an Election (Appeals)

(53:46) Conclusion

What do you get when you mix a political tinderbox, an untouchable media corporation, and a governor determined to make a point? A Virtual Legality Episode.

Join us as we discuss just what Florida's Reedy Creek Improvement District (RCID) actually does for Disney and Walt Disney World, how its dissolution might (or might not) effect things, and why the nature of the legislation propose means things are very, very likely to go into litigation.

The House of Mouse and the Sunshine State have gone to war...in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/JUwSM6dQl4c

#Disney #Florida #RCID

***

SUPPORTING THE CHANNEL

UTREON - https://utreon.com/c/hoeglaw/

PATREON - https://www.patreon.com/VirtualLegality

STORE - https://teespring.com/stores/hoeg-law-store

BITCAST (11AM Eastern) - https://www.youtube.com/channel/UCgHBXONMT06nX_8RZ5r32UA

***

CHAPTERS

00:00 Introduction/ The Reedy Creek Improvement District

09:49 A War of Rhetoric

14:38 Florida's Bill

29:52 Constitutional Concerns

43:04 Conclusion

***

Discussed in this episode:

REEDY CREEK IMPROVEMENT DISTRICT ACT (AND SUMMARIES)

https://www.rcid.org/wp-content/uploads/2015/10/RCID-Charter.pdf

https://allears.net/walt-disney-world-chronicles-the-story-of-the-reedy-creek-improvement-district/

WAR OF RHETORIC

https://twitter.com/WaltDisneyCo/status/1508494672817123330

https://www.newsweek.com/disney-crossed-line-dont-say--repeal-claim-desantis-says-1693006

https://twitter.com/SpencerRoachFL/status/1509119958369902595

https://www.clickorlando.com/news/local/2022/03/31/florida-gov-desantis-discusses-potential-of-repeal-of-disneys-reedy-creek-act/

https://allears.net/2022/04/19/news-florida-governor-adds-removal-of-disney-worlds-self-governance-to-special-session/

THE LEGISLATURE ACTS

https://www.wesh.com/article/florida-senate-approves-stripping-disney-self-government-power/39776410

https://www.nbcnews.com/politics/politics-news/florida-house-passes-bill-dissolve-disneys-special-self-governing-stat-rcna25337

THE BILL AND ITS EFFECTS

https://www.myfloridahouse.gov/Sections/Documents/loaddoc.aspx?FileName=_s0004Cer.DOCX&DocumentType=Bill&BillNumber=0004C&Session=2022C

https://www.flsenate.gov/Laws/statutes/2015/189.072

https://www.flsenate.gov/Laws/Statutes/2015/189.076

https://www.myfloridahouse.gov/Sections/Documents/loaddoc.aspx?FileName=h0003Cb.SAC.DOCX&DocumentType=Analysis&BillNumber=0003C&Session=2022C

https://www.orlandosentinel.com/business/tourism/laborland/os-bz-tourism-industry-disney-taxes-20191218-hc622hqsxzgdjikyfbgxx3fw7y-story.html

https://www.wftv.com/news/local/end-reedy-creek-disney-wont-pay-more-taxes-you-will/3TK6ASNJT5EXHICW3DQ3ZHEZYA/

1983 AND THE FIRST AMENDMENT

https://www.law.cornell.edu/uscode/text/42/1983

https://www.law.cornell.edu/constitution/first_amendment

https://www.law.cornell.edu/supct/html/08-205.ZO.htmlhttps://supreme.justia.com/cases/federal/us/518/668/#tab-opinion-1959933

https://casetext.com/case/revels-v-vincenz#p876

***

"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

***

Twitter: @hoeglaw

Web: hoeglaw.com

Twitter's "Poison Pill" plan is *so* much more damaging than it first appeared. But will it stop a motivated Elon Musk?

That Pill is Poison...in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/fAhmRuuc_8k

#ElonMusk #Twitter #PoisonPill

***

SUPPORTING THE CHANNEL

UTREON - https://utreon.com/c/hoeglaw/

PATREON - https://www.patreon.com/VirtualLegality

STORE - https://teespring.com/stores/hoeg-law-store

BITCAST (11AM Eastern) - https://www.youtube.com/channel/UCgHBXONMT06nX_8RZ5r32UA

***

Discussed in this episode:

PLAYLIST

https://www.youtube.com/playlist?list=PL1zDCgJzZUy_O52bErVCYZfVYMgVgu3nX

THE RIGHTS PLAN ANNOUNCEMENT

https://www.prnewswire.com/news-releases/twitter-adopts-limited-duration-shareholder-rights-plan-enabling-all-shareholders-to-realize-full-value-of-company-301526627.html

SEC FILINGS

https://d18rn0p25nwr6d.cloudfront.net/CIK-0001418091/a286d5af-613e-47a2-bfb2-97fb2423dd5c.pdf

https://www.sec.gov/Archives/edgar/data/0001494730/000110465922048128/tm2213229d1_sc13da.htm

LAW AND LEGAL ANALYSIS

https://law.justia.com/cases/delaware/supreme-court/1985/493-a-2d-946-9.html

ARTICLES

https://finance.yahoo.com/news/twitter-board-gets-an-f-for-dealing-with-elon-musk-former-sec-chairman-163756232.html

https://www.theverge.com/2022/4/21/23033445/elon-musk-twitter-bank-debt-commitment-letter

***

"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

***

Twitter: @hoeglaw

Web: hoeglaw.com

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(0:00) Introduction/ The Reedy Creek Improvement District

(9:49) A War of Rhetoric

(14:38) Florida's Bill

(29:52) Constitutional Concerns

(43:04) Conclusion

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Activision Blizzard's year of news appearances is almost unbelievable, but perhaps none more so than the announcement that Microsoft and Xbox is purchasing them for just under $70 BILLION in cash.

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Now news has broken that Activision is amending its prior SEC filings to emphasize that absolutely no deals have been brokered with Bobby Kotick in respect of the company's ownership by Microsoft? But why are such amendments being made?

Sometimes winning a lawsuit just means getting a good redline...in Virtual Legality.

CHECK OUT THE VIDEO AT: https://youtu.be/UdQMEw56fW4

#Activision #Microsoft #Lawsuits

***

WANT TO SUPPORT THE CHANNEL?

UTREON - https://utreon.com/c/hoeglaw/

PATREON - https://www.patreon.com/VirtualLegality

STORE - https://teespring.com/stores/hoeg-law-store

BITCAST (11AM Eastern) - https://www.youtube.com/channel/UCgHBXONMT06nX_8RZ5r32UA

***

Discussed in this episode:

HOEG LAW PLAYLIST

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9PBxr5dNcoQLh2erIt2XrZ

TWEET

https://twitter.com/stephentotilo/status/1515880416011595788

ACTIVISION INVESTOR RELATIONS

https://investor.activision.com/financial-information/sec-filings

SEC FILINGS/LAWSUIT

https://investor.activision.com/static-files/e3b5c8d8-c060-4773-9bdd-d6a337b76823

https://storage.courtlistener.com/recap/gov.uscourts.cacd.844853/gov.uscourts.cacd.844853.1.0.pdf

https://investor.activision.com/static-files/eae7f6a4-35b2-4884-9f7e-397dfdd1890b

***

"Virtual Legality" is a continuing series discussing the law, video games, software, and everything digital, hosted by Richard Hoeg, of the Hoeg Law Business Law Firm (Hoeg Law).

CHECK OUT THE REST OF VIRTUAL LEGALITY HERE:

https://www.youtube.com/playlist?list=PL1zDCgJzZUy9YAU61GoW-00K0TJOGnPCo

DISCUSSION IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND IS NOT TO BE CONSTRUED AS LEGAL ADVICE. INDIVIDUALS INTERESTED IN THE LEGAL TOPICS DISCUSSED IN THIS VIDEO SHOULD CONSULT WITH THEIR OWN COUNSEL.

***

Twitter: @hoeglaw

Web: hoeglaw.com

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