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BREAKING
Seventeen martyrs and several injuries in an Israeli bombing that targeted civilians at the al-Samer junction in central Gaza City
Informed Russian sources to Al Mayadeen: "Israel" occasionally asks Moscow to pressure Tehran to abandon its nuclear program, but Moscow refuses to engage in negotiations on the matter
The Lebanese Army has denied social media reports of armed men entering Lebanon and army withdrawals from the Bekaa Valley border areas
Al Mayadeen's correspondent: 62 martyrs as a result of Israeli raids on the Gaza Strip since dawn today, including 28 in Gaza City
Al Mayadeen's correspondent: Four martyrs and wounded after occupation aircraft targeted a house near the Jordanian Hospital in the Tal al-Hawa neighborhood, southwest of Gaza City
Civil Defense in Gaza: An Israeli strike on civilians in central Gaza City resulted in 11 martyrs, including a doctor and a child, and more than 50 others injured
Russian Foreign Ministry: Western media continues to reveal its true nature as a tool in the hands of political elites, intelligence agencies, and the so-called deep state
Al Mayadeen's correspondent: 50 martyrs in Israeli raids on the Gaza Strip since dawn today, including 20 in the al-Nuseirat camp in the central Gaza Strip
Al Mayadeen’s correspondent: The number of martyrs in the al-Samer massacre in central Gaza City has risen to 12, with dozens wounded
The Ofer military court has ruled to extend the detention of journalist Nasser Al-Lahham until next Tuesday

Twitter vs. Musk: Twitter hires 'heavy hitter' legal representatives

  • By Al Mayadeen English
  • Source: Agencies
  • 11 Jul 2022 16:17
2 Min Read

Twitter hires Wachtell, Lipton, Rosen & Katz LLP, the same company which invented the 'poison pill' strategy to sue Musk.

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  • Twitter vs. Musk: Twitter hires legal representatives
    Twitter vs. Musk: Twitter hires legal representatives

Twitter reportedly hired Wachtell, Lipton, Rosen & Katz LLP following Elon Musk's decision to pull out of the $44 billion deal. The company is credited with having created the 'poison pill' strategy, a type of defensive tactic used by a corporation's board of directors in the occurrence of a hostile tender-based takeover.

Twitter hired two key lawyers for its team. William Savitt, who has represented companies like Anthem and Sotheby’s in the Delaware court against activist investors, and Leo Strine, a former Chancellor of the Delaware Chancery Court with 20 years of experience as a judge in the state’s courts, ending with a stint as the Chief Justice of its state Supreme Court before he joined the firm in 2020.

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Musk himself will be represented by Quinn Emanuel Urquhart & Sullivan LLP, the same company which handled Samsung’s defense against Apple’s patent lawsuit, and has defended Musk previously in his “pedo guy” defamation case, as well as the aftermath of his “funding secured” tweet about taking Tesla private in cases against the SEC and an ongoing shareholder lawsuit.

The reason behind this is that Twitter is accused of delivering “false and misleading” information about the company. Twitter has repeatedly said in recent weeks that the number of fake accounts on its platform is less than 5%. Musk and his team believe that the network is lying and that this affects the viability of his business, therefore the value of the company itself. 

By ending his commitment to buy Twitter, Musk exposed himself to heavy legal proceedings. Both parties have pledged to pay severance pay of up to $1 billion.

  • Elon Musk
  • Twitter lawsuit
  • Twitter

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