Twitter lawyered up. The firm reportedly employed Wachtell, Lipton, Rosen & Katz, a firm notable sufficient to have its own Wikipedia page, and a founding associate, Martin Lipton, credited with inventing the shareholder rights plan or “poison pill” protection that Twitter initially used to put 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 company would pursue legal action 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 corporations like Anthem and Sotheby’s in the Delaware courtroom towards activist traders. The different is Leo Strine, a former Chancellor of the Delaware Chancery Court with 20 years of expertise as a decide in the state’s courts, ending with a stint as the Chief Justice of its state Supreme Court earlier than he joined the firm in 2020.
Musk is claimed to have employed Quinn Emanuel Urquhart & Sullivan, which additionally has received the Wikipedia treatment, and could also be extra acquainted to Verge readers. It dealt with Samsung’s defense against Apple’s patent lawsuit claiming the Galaxy gadgets have 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 cases against the SEC and an ongoing shareholder lawsuit.