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Chronicles

The story behind the story

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X Corp. sues Wachtell to recover most of the $90M fee the law firm received from Twitter for defeating Elon Musk's bid to walk away from his $44B Twitter buyout

Elon Musk has sued the elite law firm Wachtell, Lipton, Rosen & Katz to recover most of a $90 million fee it received from Twitter

Reuters Jonathan Stempel

Discussion

  • @ravickan.bsky.social @ravickan.bsky.social on bluesky
    there's poking the bear and then there's whatever the hell this is [embedded post]
  • @Celeste_pewter@mastodon.social Celeste Pewter on mastodon
    So, he's mad mad.  —  https://www.reuters.com/...  Also, I can't imagine living life this way, especially when you're so wealthy.  —  If he was a different person, he could be building libraries, donating funding to saving birds or medical research and making a difference in the …
  • @elonmusk Elon Musk on x
    @TitterDaily Wachtell brags about how many former Delaware judges work at their firm. They specialize in institutionalized corruption.
  • @sindap Sujeet Indap on x
    Wachtell's pitch to Twitter when Elon started to get cold feet in June 2022: https://www.ft.com/... [image]
  • @scottnover Scott Nover on x
    Musk alleges that Wachtell breached its fiduciary duty by arranging a “success fee” contingent on Twitter closing the $44 billion sale (to Musk). Stay with me. Musk claims that outgoing Twitter executives were happy to saddle him with the burden.
  • @mshannahmurphy Hannah Murphy on x
    NEW: Elon Musk is suing the elite law firm that helped the previous Twitter board close his $44bn buyout when he tried to back out of the deal He wants to recover an “enormous” $90mn fee paid to the firm hours before the deal closed w/ @sindap https://www.ft.com/...