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Elon Musk has sued the elite law firm Wachtell, Lipton, Rosen & Katz to recover most of a $90 million fee it received from Twitter for defeating his bid to walk away from his $44 billion buyout of the social media company.
Twitter hired law firm Wachtell, Lipton, Rosen & Katz under its previous management to force Elon Musk to go through with the $44 billion buyout.
Elon Musk's X Corp is suing law firm Wachtell, Lipton, Rosen & Katz, seeking to recover a significant portion of the $90 million fee they received for preventing Musk from abandoning his $44 billion acquisition of Twitter.
The world's richest person, who also runs Tesla Inc and SpaceX, called the $90 million payout "unconscionable," given that Wachtell, Lipton, Rosen & Katz had billed less than one-third that sum for its few months of work on the Delaware lawsuit.
Twitter hired law firm Wachtell, Lipton, Rosen & Katz under its previous management to force Elon Musk to go through with the $44 billion buyout.