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.