Musk sues law firm Wachtell Lipton over $90M Twitter legal fee

https://www.ft.com/content/922d7746-c202-4372-8379-e77372b52b90

by Daviey • 3 years ago

9 4 3 years ago

ft.com

Trouble_007• 3 years ago

https://archive.is/lADIS

JohnnyHerz2• 3 years ago

Props for the easy archive link

Zigurd• 3 years ago

Wachtell Lipton “exploited a corporate client left unprotected by lame duck fiduciaries who had lost their motivation to act in Twitter’s best interest”, the complaint alleged.

They made the deal so airtight Elon could not wriggle out after trashing it publicly for months. Sounds like the lawyers, who were working on behalf of Twitter's then-owners deserve every penny and then some.

Elon's impulsiveness cost him tens of billions. It could not have been more capriciously wasted had he set a mountain of cash on fire

JohnnyHerz2• 3 years ago

On the face of it, this seems like the board and the law firm both violated their fiduciary responsibilities. It also seems like Musk's primary claim should be pointed at the board; but Wachtell Lipton is gonna have a hard time explaining invoices that don't describe the work performed, that is going to be a slam dunk for Musk. My money says the board's insurance policy and Wachtell Lipton will almost certainly settle this for some tidy but undisclosed sum. claw backs are a b!+@h.

Musk sues law firm Wachtell Lipton over $90M Twitter legal fee

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