According to reports, Twitter has retained Wachtell Lipton, Rosen & Katz, a well-known law firm with its own Wikipedia entry, whose founding partner Martin Lipton is credited with creating the shareholder rights plan, also known as the “poison pill,” a defence mechanism that Twitter initially used to thwart Musk’s attempted takeover.
Musk filed a paper last Friday, July 8, 2022, in an effort to revoke his $44 billion acquisition of Twitter. Bret Taylor, the chairman of Twitter, counter-tweeted in response to the action. He said that the business would continue to take legal proceedings to finalise the acquisition as planned.
Bloomberg reported that the micro-blogging service that presents its case in the Delaware Court of Chancery has urged Wachtell Lipton’s appointment. The Verge also stated that when Musk spoke at the Sun Valley Conference over the weekend. He declined to take any questions but did answer inquiries about Twitter.
Additionally, sources claim that Musk has retained Quinn Emanuel Urquhart & Sullivan, which has also been given the Wikipedia treatment. The business also took care of Samsung’s defence against Apple’s patent infringement accusation that the Galaxy tablets and phones were an exact replica of the iPhones and iPads.
The business previously stood by Musk during his “pedo man” defamation case and for his “funding secured” tweet about going private with Tesla in cases against the SEC and ongoing shareholder litigation.