Twitter sued over $1.9 million invoice that advisory firm Innisfree M&A claims went unpaid
A lawsuit filed Friday in New York State Supreme Court by Innisfree M&A Inc. alleges that Twitter never paid the advising firm over $1.9 million for services the company performed during the sale of Twitter to Elon Musk last year.
In the suit, Innisfree alleges that it was hired last May to help facilitate communications to shareholders about the September meeting in which they would vote on Musk's potential purchase of the social media giant. After the vote to finalize Musk's purchase was complete, Innisfree's work was done and a few weeks later an invoice was sent to Twitter for $1,902,788, according to the. Innisfree alleges that it submitted the invoice in September, and was informed in October that it had been"successfully processed," though the firm had still not received payment.
After following up twice in December because no payments had been made, Innisfree said that Twitter has not contacted the firm since, leading it to file suit over the alleged breach in their agreement, according to the
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