Twitter lawyers up to sue Elon Musk over broken buyout deal: report
Elon Musk is ‘scrapping’ $44B Twitter deal
Kaltbaum Capital Management Gary Kaltbaum said ‘the party is over’ following Elon Musk’s decision to terminate Twitter deal on ‘Fox Business Tonight.’
Twitter has retained the services of a heavyweight merger law firm to sue Tesla CEO Elon Musk for moving to drop his $44 billion takeover of the company, according to a report.
The company has hired Wachtell, Lipton, Rosen & Katz LLP to represent it in a forthcoming suit, Bloomberg reported Sunday. Bloomberg cited sources who declined to be identified due to the private nature of the matter.
2022/04/28: In this photo illustration, a Twitter logo seen displayed on a smartphone screen. (Photo Illustration by Sheldon Cooper/SOPA Images/LightRocket via Getty Images / Getty Images) A law firm representing the Tesla CEO sent a letter to Twitter on Friday, alleging that it appears "to have made false and misleading representations" when Musk agreed to buy the company on April 25 and has "breached" multiple provisions of the initial agreement. ELON MUSK TELLS TWITTER HE'S TERMINATING DEAL TO BUY SOCIAL MEDIA GIANT The login/sign up screen for a Twitter account is seen on a laptop computer Tuesday, April 27, 2021, in Orlando, Fla. (AP Photo/John Raoux, File / AP Newsroom) Neither SpaceX nor Tesla nor Twitter immediately responded to FOX Business' request for comment Sunday. GET FOX BUSINESS ON THE GO BY CLICKING HERE A receptionist for Wachtell, Lipton, Rosen & Katz declined to confirm or deny the report. CEO of Tesla Motors Elon Musk speaks at the Tesla Giga Texas manufacturing “Cyber Rodeo” grand opening party in Austin, Texas, on April 7, 2022. (Suzanne Cordeiro/AFP Via Getty Images / Getty Images) Source: Read Full Article
