Twitter hired lawyers. The company reportedly hired Wachtell, Lipton, Rosen & Katz, a firm notable enough To have its own Wikipedia page, and a founding partner, Martin Lipton, credited with inventing the shareholder rights plan or “poison pill” defense that Twitter Initially used to put the brakes on Musk’s attempted buyout.
Friday saw Elon Musk file a document in an attempt to cancel his $44-billion takeover of Twitter. Bret Taylor, Twitter chairman was quick to respond. The company would file legal actionTo close the deal as agreed. Wachtell Lipton’s hiring, as reported by Bloomberg, Twitter seems serious about arguing its case before the Delaware Court of Chancery.
Twitter has hired two lawyers to help it. William Savitt has represented companies like AnthemAnd Sotheby’sThe Delaware court against activist investors. The other is 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.
Musk is said to have hired Quinn Emanuel Urquhart & Sullivan, which also has Wikipedia was given the treatmentYou may also be more familiar with Verge readers. It was handled Samsung’s defense against Apple’s patent lawsuitMusk has previously defended Musk by claiming that the Galaxy devices were just a copycat of iPhone. in his “pedo guy” defamation case, as well as the aftermath of his “funding secured” tweet about taking Tesla private in SEC is facing casesAnd an ongoing shareholder lawsuit.