Elon Musk has filed a lawsuit against elite lawyers Wachtell, Lipton, Rosen & Katz to recover the majority of the $90 million in fees he received from Twitter. .
The complaint filed by X Corp, the Société de Musk that owns Twitter, was filed Wednesday before the Cour supérieure de California in San Francisco.
M. Musk accuses Wachtell d’avoir exploité Twitter en acceptant, dans les derniers jours précédant la cloture du rachat den 27 October 2022, d’énormes honoraires de “réussite” versisses par les cadres sortants de Twitter qui étaiten reconnaissants à M. Musk d’enormes ‘avoir été constraint de clôturer l’operation.
The richest person in the world, who also runs Tesla Inc and SpaceX, called the $90 million payment “unacceptable” as Wachtell had billed less than a third of that amount in a few months travail qu’il avait consecrated au procès dans le Delaware .
According to the complaint, “Wachtell s’est arranged pour se remplir les poches avec des funds originating from la caisse de l’entreprise pending que les clés étaiten remises” à Musk.
M. Musk wants to recover the fees “excédentaires” facturés par Wachtell and Vertu d’un Accord signe le jour de la cloture par l’un de ses partenaires et par Vijaya Gadde, directrice juridique de Twitter.
The complaint also quotes the former director of Twitter, Martha Lane Fox, who, after receiving the notice of the remuneration of the lawyers, en sentue un courriel à l’avocat général Sean Edgett: “O My Freaking God” (Mon Dieu).
Wachtell did not immediately respond to a request for comment. Gadde, Fox and Edgett are not a few times along the way.
Depuis le rachat par Musk, Twitter is involved in a multitude of lawsuits and threats.
Il s’agit in particular de nombreux procès intentés par des proprietaires, des suppliers and des Consultants accuse Musk de Leur avoir réclamé des factures, and d’une Menace de procès on Twitter against Meta Platforms by Mark Zuckerberg au sujet de la vel ce dernier.
Wachtell is no stranger to lawsuits brought by billionaire takeovers, having spent years feuding with Carl Icahn over his 2012 hostile takeover of CVR Energy.
In 2018, a judge rejected a complaint for fault in professionnelle filed by Icahn, which was found in the obligation to pay the banks that helped defend CVR against rachat des frais plus eléhats que si la Fusion avait échoué.
L’affaire est X Corp v. Wachtell, Lipton, Rosen & Katz, California Superior Court, County of San Francisco, No. CGC-23-607461. (Reporting by Jonathan Stempel in New York Rédaction by Marguerita Choy)
