Twitter reportedly hired the firm that invented the “poison pill” to sue Elon Musk

Twitter advocated. The company has reportedly hired Wachtel, Lipton, Rosen & Katz, a firm that has its own Wikipedia page, and a founding partner, Martin Lipton, as part of the shareholder rights scheme or “poison pill” defense. It is credited with inventing what Twitter initially kept. Musk’s buy-trading attempt put the brakes on.

On Friday, Elon Musk filed a document seeking to quash his $44 billion acquisition of Twitter. In response, Twitter President Brett Taylor tweeted that the company would take legal action to close the agreement, as agreed. Wachtel Lipton Appointment, As Reported bloomberg, suggests Twitter is serious about arguing its case in Delaware Court of Chancery.

Twitter has hired two prominent lawyers for its team. One is William Savitt, who has represented companies like Anthem and Sotheby’s in Delaware courts against activist investors. The second is Leo Strine, a former chancellor of the Delaware Chancery Court who has 20 years of experience as a judge on state courts, before joining the firm in 2020 as chief justice of his state’s Supreme Court. ends with a term.

Musk is said to have hired Quinn Emanuel Urquhart and Sullivan, which has also gotten the Wikipedia treatment, and may be more familiar. ledge Reader. It handled Samsung’s defense against Apple’s patent lawsuit, which claimed that the Galaxy devices were merely copies of the iPhone, and Musk had previously defended in his “pedo man” defamation case, as well as taking on Tesla. Even after his “funding secure” tweet about it. Private in cases against the SEC and ongoing shareholder litigation.

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