Twitter has hired an elite law firm to handle its forthcoming lawsuit against Elon Musk, which could be filed any day now.
After Musk pulled out of his deal to buy Twitter for $44 billion on Friday, Twitter Board Chairman Bret Taylor said the company will sue Musk to enforce the merger contract and force him to complete "the transaction on the price and terms agreed upon." Twitter then hired the "merger law heavyweight" Wachtell, Lipton, Rosen & Katz to work on a lawsuit it expects to file early this week in the Delaware Court of Chancery, Bloomberg reported.
"Wachtell Lipton has perhaps the leading litigation practice in Delaware, where the majority of US public companies are incorporated," the Financial Times wrote. "It defends companies in lawsuits over breach of fiduciary duty and broken merger agreements in the state."
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.