Twitter Prepares to Sue Mr. Musk, Appoints Leading Law Firm – Sources

Last Updated on 07/11/2022 by てんしょく飯

Twitter is preparing for Elon Musk’s proceedings at a rapid pace, and has appointed Wachtell Lipton Rosen and Katz, a leading law firm in the M & A (merger and acquisition) field. , Several people familiar with the situation revealed. Wealthier Musk announced last week that he would withdraw the $ 44 billion Twitter deal.

Twitter is aiming to file the lawsuit earlier this week.

The official spoke on condition of anonymity because the information is private. The law firm includes Leo Strine, who was the chief judge of the Delaware Court of Chancery, where Mr. Musk’s case will be heard.

Meanwhile, Mr. Musk has retained the law firm of Quinn Emanuel Urquhart & Sullivan. The firm helped win a defamation lawsuit against Mr. Musk in 2019 and also represented him in a shareholder lawsuit over the failure of Tesla’s 18-year plan to go private.

Wachter Lipton’s representative and a Twitter spokesperson declined to comment. A representative for Quinn Emanuel could not be reached. Mr. Musk and his family office head, Jared Virtual, did not respond to requests for comment.