Twitter lawyered up. The firm reportedly employed Wachtell, Lipton, Rosen & Katz, a agency notable sufficient to have its personal Wikipedia web page, and a founding associate, Martin Lipton, credited with inventing the shareholder rights plan or “poison pill” protection that Twitter initially used to place the brakes on Musk’s tried buyout.
On Friday, Elon Musk filed a doc to try to cancel his $44 billion takeover of Twitter. In response, Twitter chairman Bret Taylor tweeted the corporate would pursue legal motion to shut the deal as agreed upon. Wachtell Lipton’s hiring, as reported by Bloomberg, suggests Twitter is severe about arguing its case in the Delaware Court of Chancery.
Twitter employed two key attorneys for its workforce. One is William Savitt, who has represented firms like Anthem and Sotheby’s in the Delaware courtroom in opposition to activist traders. The different is Leo Strine, a former Chancellor of the Delaware Chancery Court with 20 years of expertise as a choose in the state’s courts, ending with a stint because the Chief Justice of its state Supreme Court earlier than he joined the agency in 2020.
Musk is alleged to have employed Quinn Emanuel Urquhart & Sullivan, which additionally has acquired the Wikipedia remedy, and could also be extra acquainted to Verge readers. It dealt with Samsung’s protection in opposition to Apple’s patent lawsuit claiming the Galaxy units had been merely a copycat of the iPhone, and has defended Musk beforehand, in his “pedo guy” defamation case, in addition to the aftermath of his “funding secured” tweet about taking Tesla personal in instances in opposition to the SEC and an ongoing shareholder lawsuit.
