The top law firm had hired Twitter to charge against Telsa and SpaceX on a decision to terminate a $44 billion takeover deal. Hill, Watchtell, Lipton, Rosen & Katz LLP is the larger law firm in New York Based as they prepare to sue Musk.
- Alteria Capital Successfully Closes the Fund III Venture Debt Scheme at Rs 19.5 Crore
- Finance Ministry to Borrow Rs 7.5 lakh Crore in H1FY25, Plans to Raise Sovereign Green Bonds
- Reliance Power to Settle Debt Worth Rs 1,023 Crore With Authum Investment’s Arm
- BHEL Shares Rally 4% on Bagging Rs 4,000 Crore Order
- Gartner Survey Shows AI-Related Risks see Greatest Audit Coverage Increases in 2024
According to the report, Twitter will file its lawsuit in Delaware next week. Musk represents the law firm, Quinn Emanuel Urquhart & Sullivan.
On Saturday, Bret Taylor, Twitter’s chairman, said, “The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Musk and plans to pursue legal action to enforce the merger agreement. We are confident we will prevail in the Delaware Court of Chancery.”