The social media company has threatened litigation against Meta for allegedly stealing trade secrets by hiring ousted employees to create Threads in a matter of months. It also alleges its former general counsel rubber-stamped a bloated $90 million payment to a legal firm on his way out.
This followed Twitter suing Wachtell, Lipton, Rosen & Katz, the firm that represented the company in forcing Musk to follow through with his $44 billion acquisition of the platform. The complaint filed in San Francisco Superior Court on Wednesday claimed the firm took advantage of a client “left unprotected by lame duck fiduciaries who had lost their motivation to act in Twitter’s best interest pending its imminent sale.” Twitter seeks restitution for a $90 million bill.
After months of publicly disparaging Twitter and trying to wriggle out of the takeover, Musk in October closed a deal valued at $44 billion to buy the social media service. He immediately proceeded to clean house, starting with its chief executive, chief financial officer and legal chief. Roughly half of the company’s workforce, including key engineers, was included in the sweep as Musk looked to slash costs to pay off nearly $13 billion in debt.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Houston man sentenced to 31 years in prison for 12-hour crime spree in 2021A Houston man was sentenced to 31 years in prison Wednesday for four robberies he committed during a 12-hour crime spree in the Houston metro area in 2021.
Read more »
Sheriff's police: Woman was firing pistol into Diamond Lake near Mundelein for funA 46-year-old woman is facing a felony charge of reckless discharge of a firearm after authorities said she shot into Diamond Lake near Mundelein for fun Monday night.
Read more »
Justice Department moves to block Trump deposition after ex-FBI agent Peter Strzok sues over firingDays after FBI chief Christopher Wray was deposed in a suit over the firing of agent Peter Strzok, the DOJ is seeking to block former President Trump from being deposed.
Read more »
Man Accused in Fatal Shooting Spree at Beyond Wonderland Festival Pleads Not GuiltyJames M. Kelly, who killed two people at the festival in June, told detectives hallucinations after a dose of magic mushrooms may have caused him to act violently.
Read more »
Men plead guilty to armed robbery spree of postal carriers in FloridaTwo Ocala men have pleaded guilty in connection with a robbery spree of postal carriers in Florida.
Read more »
Two suspects tied to shooting spree, carjackings across San Diego County arrested: SDSODeputies and police officers in San Diego say multiple shootings and carjackings stretching from Imperial Beach to Encinitas may have been carried out by the same people Wednesday night. The crimes took place one after another, starting in Imperial Beach, and then in Valencia Park, North Park, Kearny Mesa, Cardiff and Encinitas, according to the San Diego Police Department and…
Read more »