Litigation & Arbitration
Sep. 13, 2023
Wachtell wants Musk’s suit over $90M in fees arbitrated
Elon Musk’s attorneys have argued that it was Twitter’s former board of directors who agreed to pay Wachtell Lipton’s $90 million fee, as the firm was working for them and against him.
Wachtell, Lipton, & Katz LLP argues that Elon Musk’s attempt to recoup $90 million in fees for working against him to enforce his $44 billion purchase offer for Twitter, must be sent to arbitration.
Outside counsel for the Wachtell, Lipton argued in a motion to compel filed in San Francisco Superior Court last week that the firm incurred $40 million in expenses and its attorneys worked “round the clock” from July to October of 2022 fig...
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