The lawsuit is something of a role reversal for Musk, who is a defendant in numerous suits alleging that Twitter under his leadership.
Wachtell Lipton Rosen & Katz, among the most profitable firms in the US, exploited a brief, vulnerable period just as Musk was closing the US$44bil deal, according to a complaint filed in San Francisco state court by Musk’s X Corp, now the parent of Twitter.
The lawsuit is something of a role reversal for Musk, who is a defendant in numerous suits alleging that Twitter under his leadership allowed millions in unpaid expenses to pile up from former employees, vendors and landlords while purportedly trying to keep the company financially solvent. Twitter’s legal battle with Musk engaged dozens of lawyers on both sides for months, some charging upwards of US$1,000 an hour - leading Columbia University law professor John Coffee to speculate that total legal fees could have exceeded US$1bil if the case had gone to trial.
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