Twitter Assembles Legal Team to Sue Musk Over Dropped Takeover
- The company hired big-hitter Wachtell, Lipton, Rosen & Katz
- Twitter aiming to file a lawsuit in Delaware early this week
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Twitter Inc. has hired merger law heavyweight Wachtell, Lipton, Rosen & Katz as it races to sue Elon Musk for moving to dump his $44 billion takeover of the company, according to people familiar with the matter.
The social media company aims to file suit early this week, according to the people, who declined to be identified because the matter is private. By hiring Wachtell, it gains access to lawyers including Bill Savitt and Leo Strine, who served as Chancellor of the Delaware Chancery Court, where the case will be heard.