Did the US shortchange investors $US27b?
Elon Musk’s bid to get out of buying Twitter for about $US44 billion goes to trial October 17 in Delaware. The same day, another multibillion-dollar lawsuit that zeroes in on good faith when parties sign contracts will be heard in US District Court in Washington.
The investment firm Fairholme Funds is leading a group that claims US government agencies shortchanged them $US27 billion in the financial engineering that has its roots in the 2008 mortgage meltdown.
Bloomberg Opinion
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