Elon Musk’s Twitter in October 2022 $44 billion he bought. He struggled with many obstacles in the purchasing process. Even the date of the purchase was delayed due to these obstacles. Of course, the biggest share of this difficulty belongs to the lawyers who defend Twitter. Musk thinks that some of them did not do their job properly after the purchase. So much so that Musk took it forward and sued the law firm.
Elon Musk sued for 90 million dollars!
Elon Musk’s lawyers said he was trying to privatize the company last year. To the law firm representing Twitter filed a lawsuit this week, alleging that the firm charged too much for its work. To the firm that led the court battle to get it to take over Twitter, 90 million dollars A lawsuit was filed saying that he had benefited from the company for issuing an invoice.
Musk’s X Corp., the parent company of Twitter. one of the most profitable law firms in the United States, according to a lawsuit filed in San Francisco state court by Wachtell Lipton Rosen & Katz Musk exploited a short and fragile period while completing the full $44 billion deal. This did not go unnoticed by Elon Musk’s lawyers.
When Twitter tried to back off, it agreed to pay Wachtell lawyers hourly to enforce Musk’s deal to buy the company. But the law firm violated its ethical duties and California law in the final days of his four-month representation. The main reason for the complaint was the huge bonus fee demands of this law firm.
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Twitter’s legal battle with Musk has occupied dozens of lawyers on both sides for months, with some charging more than $1,000 an hour. So much so that if the case went to court, news spread that the total legal fees could exceed $1 billion. It is stated that Wachtell, who defends Twitter, took advantage of this confusion and wrote exorbitant invoices to the company.
In the lawsuit filed “Fullly aware that no one with an economic interest is interested in Twitter’s financial well-being, Wachtell planned to effectively fill his pockets with the money in the company’s coffers as the company handed over to Musk’s front.” statements were included.
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