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Twitter hires top legal firm ahead of court battle with Musk

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Twitter has reportedly lawyered up by hiring a number one merger legal firm because it moves ahead with plans to sue Elon Musk over his decision to withdraw from a $44bn (£37bn) takeover deal.

Bloomberg reported the social media platform intended to file a lawsuit in the following few days because it tries to force Mr Musk to undergo with the deal, citing sources who spoke condition of anonymity.

Twitter has engaged Wachtell, Lipton, Rosen & Katz, whose staff includes the previous chancellor of the Delaware Chancery Court, where the legal battle will play out.

Leo Strine also served as chief justice of the Delaware Supreme Court prior to joining the lawfirm in 2019.

On Friday, Mr Musk indicated in a filing to the US Securities and Exchange Commission (SEC) that he wanted to drag out of the deal.

He has repeatedly accused the platform of misrepresenting the number of faux accounts on its site.

Twitter’s board chair Bret Taylor responded y saying the corporate would pursue legal motion to force Mr Musk to finish the sale.

Twitter have hired a high-powered legal firm ahead of an upcoming court battle with Elon Musk

(PA Wire)

The deal between Twitter and Mr Musk had included a $1bn breakup fee, to be paid by the billionaire if the deal didn’t undergo.

Mr Musk “tripled down” on his claim that Twitter was under-reporting the variety of spam accounts on its platform during an address to tech moguls, in line with a latest report.

Mr Musk told a high-powered audience of media executives on the Allen & Co Sun Valley Conference in Idaho on Saturday that the choice was “about bots”, CNN reported.

On its website, Wachtell, Lipton, Rosen & Katz said it handles “among the largest, most complex and demanding transactions in the US and all over the world”. 

Twitter didn’t immediately reply to a request for comment.

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