Tesla CEO Elon Musk lost his fight to delay Twitter’s lawsuit against him as a Delaware judge on Tuesday set an October trial, citing the “cloud of uncertainty” over the social media company after the billionaire backed out of a deal to buy it.
“Delay threatens irreparable harm,” said Chancellor Kathaleen St. Jude McCormick, the head judge of Delaware’s Court of Chancery, which handles many high-profile business disputes. “The longer the delay, the greater the risk.”
Twitter had asked for an expedited trial in September, while Musk’s team called for waiting until early next year because of the complexity of the case. McCormick said Musk’s team underestimated the Delaware court’s ability to “quickly process complex litigation.”
Twitter is trying to force the billionaire to make good on his April promise to buy the social media giant for $44 billion — and the company wants it to happen quickly because it says the ongoing dispute is harming its business.
Musk, the world’s richest man, pledged to pay $54.20 a share for Twitter, but informed the company in July that he wants to back out of the agreement.
“It’s attempted sabotage. He’s doing his best to run Twitter down,” said attorney William Savitt, representing Twitter before McCormick on Tuesday. The hearing was held virtually after McCormick said she tested positive for COVID-19.
Musk has claimed the company has failed to provide adequate information about the number of fake, or “spam bot,” Twitter accounts, and that it has breached its obligations under the deal by firing top managers and laying off a significant number of employees. Musk’s team expects more information about the bot numbers to be revealed in the trial court discovery process, when both sides must hand over evidence.
Twitter argues that Musk’s reasons for backing out are just a cover for buyer’s remorse after agreeing to pay 38% above Twitter’s stock price shortly before the stock market stumbled and shares of the electric-car maker Tesla, where most of Musk’s personal wealth resides, lost more than $100 billion of their value.
Savitt said the contested merger agreement and Musk’s tweets disparaging the company were inflicting harm on the business and questioned Musk’s request for a delayed trial, asking “whether the real plan is to run out the clock.”
“He’s banking on wriggling out of the deal he signed,” Savitt said.
But the idea the Tesla CEO is trying to damage Twitter is “preposterous. He has no interest in damaging the company,” said Musk attorney Andrew Rossman, noting he is Twitter’s second largest shareholder with a “far larger stake” than the company’s entire board of directors.
Savitt emphasized the importance of an expedited trial starting in September for Twitter to be able to make important business decisions affecting everything from employee retention to relationships with suppliers and customers.
Rossman said more time is needed because it is “one of the largest take-private deals in history” involving a “company that has a massive amount of data that has to be analyzed. Billions of actions on their platform have to be analyzed.”
Tobias said it’s still possible that Musk and Twitter will settle the case before it goes to trial, since both might find a drawn-out fight or the judge’s final decisions costly to their businesses and reputations. One option is that Musk could pay the $1 billion breakup fee both he and Twitter agreed to if either was deemed responsible for the deal falling through. Or Twitter could push for him to pay more to make up for damages – just not the full $44 billion acquisition.
“Does Musk really want to run that company? Do they really want Musk to run that company?” Tobias said. “They could always settle somewhere in between.”
Mattel Films, ShadowMachine, Jennifer Lopez’s Nuyorican Productions and Anthony Ramos Break New Ground with Bob the Builder Animated Film
EL SEGUNDO, Calif.–(BUSINESS WIRE)–Mattel, Inc. (NASDAQ: MAT), ShadowMachine, Nuyorican Productions, and Anthony Ramos today announced plans to develop an animated, feature-length film based on Bob the Builder, the long-running and beloved animated children’s series.
“Can we fix it? Yes, we can!”
Imagined as an inventive international story for today’s audiences, the film will star Grammy-winning and Golden Globe and Emmy-nominated actor and recording artist Anthony Ramos (Hamilton, In the Heights), who also produces alongside Alex Bulkley and Corey Campodonico of the Academy Award-winning animation and production studio, ShadowMachine (Guillermo del Toro’s Pinocchio, BoJack Horseman). Jennifer Lopez, Elaine Goldsmith-Thomas, and Benny Medina for Nuyorican Productions (The Mother, Shotgun Wedding, Hustlers, Marry Me) have also joined to co-produce. Felipe Vargas (Rosario, Loteria) is attached to write. Bob the Builder is overseen by Kevin McKeon, Ivan Sanchez, and Arturo Thur De Koós for Mattel and Natalie Haack Flores for Nuyorican.
When Roberto “Bob” travels to the enchanting Island of Puerto Rico for a major construction job, he takes on issues affecting the island and digs deeper into what it means to build. Bob’s journey will celebrate the vibrant and colorful textures of the Caribbean Latin nations and their people.
Robbie Brenner, President of Mattel Films, said: “We are thrilled to collaborate with our brilliant partners Anthony Ramos, Jennifer Lopez, Elaine Goldsmith-Thomas, Benny Medina, Alex Bulkley, Corey Campodonico, and Felipe Vargas on Bob the Builder, our first animated theatrical film. Pairing Anthony and Felipe’s genius vision for the story with ShadowMachine and Nuyorican’s artisan approach will capture this beloved character in a manner that audiences who grew up with Bob will recognize, and all-new audiences will enjoy.”
Said Ramos: “For years, Bob the Builder’s characters have inspired young people around the world. I’m proud to partner with Mattel Films, ShadowMachine, Nuyorican Productions, and Felipe Vargas to bring this important message to the big screen, adding elements of life that are inspired by my own. A movie about friends working together, a celebration of a beautiful home they share, and how love can help to conquer any obstacle in your way. Can we fix it? Yes, we can!”
Added Goldsmith-Thomas: “Jennifer, Benny, and I are elated to be partnering with the visionaries at Mattel Films along with Anthony Ramos, Felipe Vargas and ShadowMachine to bring Bob the Builder back to the screen. The show’s ability to promote positive thinking, problem solving and empowerment with a completely original story set in Puerto Rico puts a new spin on a beloved brand, and we can’t wait for new and existing fans to connect with these amazing characters.”
Commented Bulkley and Campodonico: “Mattel Films’ creatively innovative, artist-first storytelling sensibilities align perfectly with our own at ShadowMachine. We are excited to join forces with them, Anthony Ramos, Felipe Vargas, and Nuyorican in crafting an entertaining film for the big screen and bringing to life an all-new chapter in the legacy of Bob the Builder.”
The popular Bob the Builder television series, centered on Bob the building contractor and his friends, was originally created with “little builders” (pre-school/early elementary school-aged children) in mind through stories empowering them to work as a team with imagination, positivity, and the right tools. The worldwide syndicated show ran successfully for 12 seasons (1999-2011) and is especially known for Bob’s cheerful catchphrase: “Can we fix it? Yes, we can!”
Bob the Builder joins other Mattel Films in development including American Girl, Barney, Hot Wheels, Magic 8 Ball, Major Matt Mason, Masters of the Universe, Matchbox, Polly Pocket, Rock ‘Em Sock ‘Em Robots, Thomas & Friends, UNO, View-Master, and Wishbone. Mattel Films is also developing Christmas Balloon, a holiday family drama based on all-new IP.
Mattel Films’ first theatrical release, Barbie, was released worldwide on July 21, 2023, by Warner Bros. Pictures. The highest grossing film of 2023, Barbie is directed by Greta Gerwig, stars Margot Robbie and Ryan Gosling, and is produced in partnership with Margot Robbie and Tom Ackerley of LuckyChap and David Heyman.
Ramos is represented by CAA, Door24, and Paul Hastings. Lopez is represented by CAA. Felipe Vargas is represented by CAA, Magnolia Entertainment and Gang, Tyre, Ramer, Brown & Passman.
KB Home Announces the Grand Opening of Its Newest Community in Desirable Flagler Beach, Florida
JACKSONVILLE, Fla.–(BUSINESS WIRE)–KB Home (NYSE: KBH) today announced the grand opening of Beach Park Village, its latest new-home community in Flagler Beach. These new homes are designed for the way people live today, with popular interior features like modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and lofts. The community’s one- and two-story floor plans feature up to five bedrooms and three baths, and the community offers homesites with peaceful water and wooded views.
“Families will appreciate the community’s desirable coastal location near local parks, which feature sports fields, playgrounds, picnic pavilions and hiking trails. At KB Home, we’re here to help you achieve your dream with a personalized new home built uniquely for you and your life.”
What sets KB Home apart is the company’s focus on building strong, personal relationships with every customer, so they have a real partner in the homebuying process. Every KB home is uniquely built for each customer, so no two KB homes are the same. Homebuyers have the ability to personalize their new home, from floor plans to exterior styles to where they live in the community. Their home comes to life in the KB Home Design Studio, a one-of-a-kind experience where customers get both expert advice and the opportunity to select from a wide range of design choices that fit their style and their budget. Reflecting the company’s commitment to creating an exceptional homebuying experience, KB Home is the #1 customer-ranked national homebuilder based on homebuyer satisfaction surveys from a leading third-party review site.
“We are pleased to offer homebuyers in Flagler County spacious new one- and two-story homes just minutes to local beaches,” said Todd Holder, President of KB Home’s Jacksonville division. “Families will appreciate the community’s desirable coastal location near local parks, which feature sports fields, playgrounds, picnic pavilions and hiking trails. At KB Home, we’re here to help you achieve your dream with a personalized new home built uniquely for you and your life.”
Innovative design plays an essential role in every home KB builds. The company’s floor plans inspire contemporary living, with a focus on roomy, light-filled spaces that have easy indoor/outdoor flow. KB homes are engineered to be highly energy and water efficient and include features that support healthier indoor environments. Our homes are designed to be ENERGY STAR® certified — a standard that fewer than 10% of new homes nationwide meet — offering greater comfort, well-being and utility cost savings than new homes without certification.
Beach Park Village is situated in a convenient location that offers homebuyers an exceptional coastal lifestyle. Located off Moody Blvd., the community provides easy access to Interstate 95 and is less than two miles away from AdventHealth Palm Coast and Flagler Beach. Residents will also enjoy the community’s proximity to Palm Coast Landing for shopping and dining and Wadsworth Park and Washington Oaks Gardens State Park for a variety of outdoor recreation.
The Beach Park Village sales office and model homes are open for walk-in visits and private in-person tours by appointment. Homebuyers also have the flexibility to arrange a live video tour with a sales counselor. Pricing begins from the mid $300,000s.
For more information on KB Home, call 888-KB-HOMES or visit kbhome.com.
Celebrate the Holiday Season with 12 Days of Cheese at Whole Foods Market
AUSTIN, Texas–(BUSINESS WIRE)–Whole Foods Market’s annual 12 Days of Cheese returns from Dec. 13 through Dec. 24, highlighting some of the highest quality and world-renowned cheeses that will elevate any charcuterie or cheese board this festive season. Handpicked by Whole Foods Market’s Specialty Cheese team, which includes Certified Cheese Professionals (CCPs) recognized by the American Cheese Society for their exceptional knowledge and skills, these distinctive cheeses showcase the expertise of our highly trained team members.
“The 12 Days of Cheese sampler bag also offers a quick and thoughtful way to gift a host, enhance any holiday meal or even just treat yourself this December.”
This year’s cheese line-up includes the only American Cheese Society Best in Show three-time awardee, Uplands Pleasant Ridge Reserve, and several others with top previous recognitions. Each of the selected cheeses will be 35% off for Prime members for all 12 days and 28% off without Prime. Additionally, a 12 Days of Cheese sampler bag, including three handpicked cheeses, Savannah Bee Whipped Honey and crackers, will be available for $34.99.
“With the festive season upon us and the trend of DIY cheese boards and charcuterie at an all-time high, our team of CCPs is thrilled to present the 12 Days of Cheese program, an annual tradition that can provide inspiration to both cheese novices and enthusiasts alike. We’ve scoured the globe to bring you an array of innovative cheeses at an exceptional value, and our knowledgeable store team is eager to share tips to create the perfect pairings,” said Cathy Strange, Whole Foods Market’s Ambassador of Food Culture and renowned cheese expert. “The 12 Days of Cheese sampler bag also offers a quick and thoughtful way to gift a host, enhance any holiday meal or even just treat yourself this December.”
The featured cheeses this year include:
- Jasper Hill Farm Cabot Clothbound Cheddar – Made as a collaboration between two titans of the Vermont cheese scene, this cheddar is produced at Cabot Creamery and aged to perfection in the Cellars of Jasper Hill Farm. Look for notes of toasted nuts, caramel and grass with a lingering tang on the finish.
- Sweetgrass Dairy Thomasville Tomme – Thomasville Tomme is a grass-based, raw, cow’s milk cheese made in the style of a French mountain Pyrenees Tomme. The dairy’s free-range Jersey-based herd yields milk high in butterfat, giving this cheese its smooth, creamy character. Thomasville Tomme is subtle and complex, with a thin, natural rind that gives way to a semi-firm golden interior.
- Cypress Grove Humboldt Fog – This masterpiece paved the way for soft-ripened goat cheese in America, and each handcrafted wheel features a distinctive ribbon of edible vegetable ash. With flavors of buttermilk and fresh cream, this beloved cheese is complemented with floral notes, herbaceous overtones and a clean citrus finish.
- Cowgirl Creamery Mt. TAM Organic Triple Cream – Organic, single-source, forage-based milk from Marine Co. makes this triple cream cheese an American original and a customer and team member favorite. A dense, fudgy core in an evolving creamline features fresh grass aromatics and rich notes of crème fraiche, cultured butter and white mushrooms.
- Uplands Pleasant Ridge Reserve – Winner of an unmatched three Best in Show American Cheese Society awards, Pleasant Ridge Reserve is one of just two cheeses produced at Uplands Cheese, a farmstead grass-fed cheesemaker in southwestern Wisconsin. The cheese boasts a distinct sweetness typical of Alpine cheeses with notes of pineapple, toasted nuts and grass with a lingering finish redolent of hay and alliums.
- Vermont Creamery Bijou – Introduced in 2006 by Vermont Creamery, Bijou (translating to “jewel” in French) is a button-shaped goat Crottin made in the tradition of goat cheeses from the Loire Valley in France. The distinctive wrinkled texture lends a light, slightly yeasty character while ripening the center of the cheese to a dense and fudge-like consistency with notes of citrus and herbs.
- Neal’s Yard Dairy Appleby’s Cheshire – Though farmhouse-style cheese was once one of the most famous styles of British cheeses, the Appleby family — of Hawkstone Abbey Farm — is now the only cheesemaker producing these raw-milk, clothbound wheels. Crumbly in texture with a notable acidic, tart finish evocative of lemon peel, grass and cream, Cheshire is a natural pair to crisp apple slices, whole grain mustard and fruit compotes.
- MonS Pyrénées Brébis – Produced in the Basque region of southwestern France, Pyrénées Brébis is a natural rind product similar to other Protected Designation of Origin cheeses from the Pyrénées region but aged in famed affineur Hervé Mons’ caves west of Lyon. Mild and sweet with hints of rosemary, thyme and hazelnuts, it pairs well with cherries and something effervescent to offset the rich texture of the sheep’s milk.
- Papillon Roquefort Revelation – Quite possibly one of the most famous cheeses, Roquefort comes from the Combalou Caves of Roquefort-sur-Soulzon in France. Roquefort earned the first-ever cheese-protected designation of origin (AOC) in 1925 and is required by law to be made from raw Lacaune sheep’s milk from the surrounding area. Roquefort is robust and complex, featuring notes of licorice, herbs and pepper with a lingering finish.
- Quattro Portoni Quadrello di Bufala – Hailing from outside Bergamo in northern Italy, Quattro Portoni is a small, family-owned water buffalo milk farm. Water buffalo milk has been used in cheesemaking since at least the Medieval era but only sporadically makes appearances in American cheese counters. Modeled off another washed-rind Italian classic, Taleggio, Quadrello di Bufala has a lighter, milder profile with a compact, fatty paste and orange moist rind.
- Klare Melk Truffle Gouda – Exclusive to Whole Foods Market, this gouda is made from raw cow’s milk and generously studded with black truffles throughout the paste. Rich and savory with an unmistakable truffle kick, it is especially fun at home on cheese boards; pair it with honey for a sweet-salty kick.
- Emmi Kaltbach Cave Aged Gruyère – This gruyère features silo-free, raw cow’s milk aged in the sandstone caves of Kaltbach, Switzerland, where the mineral-rich air creates the ideal environment for transforming wheels into the depths of flavor for AOP Swiss perfection. Robust and deeply full-flavored with rich tones of tangy fruit and classic nuttiness, this cheese does it all, from classic fondue to salads, potatoes, roast meats and even dessert.
Whole Foods Market’s cheese experts ensure that stores offer a diverse selection of the highest quality cheeses, all of which are free of rBST, artificial flavors, colors and preservatives. Each store offers hundreds of different types of cheese sourced from artisan cheesemakers around the world, as well as several varieties from each store’s local community. Find out more about the 12 Days of Cheese program here, including more pairings and tips from our expert team.
- Florida2 days ago
Governor Ron DeSantis Makes Eight Judicial Appointments
- Central Florida News2 days ago
Orlando Police Arrests Shawn Patrick Spencer III for Homicide
- Sports2 days ago
“The Wall” Sold Out Ahead of Orlando City SC’s 2024 Home Opener
- Central Florida News16 hours ago
FDLE to investigate Orange County Sheriff’s Office in custody death of woman
- Politics16 hours ago
President Trump Receives Endorsements from 15 Current and Former South Carolina Sheriffs