A few days ago, one of the biggest and most anticipated deals took place – Elon Musk changed his mind about buying the social network Twitter for $ 44 billion. The fact is that Twitter representatives did not provide full information about fake and spam accounts on the platform, so the billionaire refused to buy the company. But now he will have to be judged.
Twitter will sue Elon Musk in the coming days. His interests will be represented by attorneys Wachtell, Lipton, Rosen & Katz, according to Bloomberg reports, including former chancellors of the Delaware Court, Bill Savitt and Leo Strain.
In response, Elon Musk withdrew Quinn Emanuel Urquhart & Sullivan LLP, with which he had previously made a deal. At that time, lawyers were able to defend their interests in a defamation lawsuit, and the organization also represents him in an ongoing lawsuit against shareholders who unsuccessfully tried to privatize Tesla.
Currently, Elon Musk is liable to pay a $1 billion penalty to Twitter for the failed deal.
Source: People Talk
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