Pull out the Popcorn, Musk Sues Twitter’s Former Law Firm Which Billed (and Got) 90 Million Dollars Hours Before the Takeover

In a Complaint filed on July 5, 2023, the parent company for Elon Musk, X Corp., goes into great detail alleging that Twitter’s New York-based “Big Law” firm of Wachtell, Lipson, Rosen & Katz breached its fiduciary duty by billing Twitter $90 million. Even though Twitter and Musk had come to an agreement, Twitter’s exiting employees and board “negotiated” a “winner’s” fee for Wachtell amounting to six times what it had already billed in “hourly” fees.Read More