Twitter hires law firm Wachtell to sue Musk after pulling out of $44 billion deal
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July 10 (Reuters) – Twitter Inc (TWTR.N) has employed U.S. law organization Wachtell, Lipton, Rosen & Katz LLP as it prepares to sue Elon Musk and drive him to entire the $44 billion acquisition of the social media organization, in accordance to individuals acquainted with the make any difference.
Musk, the main govt officer of Tesla , on Friday terminated his offer, expressing Twitter experienced failed to give data about pretend accounts on the platform, just after which Twitter’s chairman, Bret Taylor, vowed a legal struggle. browse more
Twitter is organizing to file a law fit early this week in Delaware, people today common with the make any difference claimed.
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Twitter declined to remark even though the law agency did not instantly answer to Reuters’ ask for for comment outside the house business hrs.
Wachtell, Lipton, Rosen & Katz was one particular of the authorized advisers for Musk’s prepare to choose Tesla non-public in 2018. Musk tweeted that there was “funding secured” for a $72 billion deal to consider Tesla personal but did not move in advance with an provide.
Musk and Tesla each and every paid out $20 million in civil fines, and Musk stepped down as Tesla’s chairman to take care of U.S. Securities and Trade Commission claims that he defrauded investors.
Twitter’s current authorized group includes Simpson Thacher & Bartlett LLP and Wilson Sonsini Goodrich & Rosati.
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Reporting by Maria Ponnezhath in Bengaluru and Greg Roumeliotis in New York enhancing by Diane Craft
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