Twitter lawyer. The company reportedly hired Wachtell, Lipton, Rosen & Katz, a firm notable enough to have its own Wikipedia page, and a founding partner, Martin Lipton, credited with inventing the shareholder rights plan, or protection from “ poison pill’ that Twitter initially used to put the brakes on Musk’s buyout bid.
On Friday, Elon Musk filed a document seeking to reverse its $44 billion acquisition of Twitter. In response, Twitter Chairman Brett Taylor tweeted that the company would take legal action to complete the deal as agreed. The hiring of Wachtell Lipton, as reported by Bloomberg, suggests that Twitter is serious about arguing its case in Delaware court.
Twitter has hired two key lawyers for its team. One is William Savitt, who has represented companies such as Anthem and Sotheby’s in Delaware court against activist investors. The other is Leo Strain, a former chancellor of the Delaware Court of Chancery with 20 years of experience as a state court judge, culminating in a stint as chief justice of the state supreme court, before joining the firm in 2020.
Musk is rumored to have hired Quinn Emanuel Urquhart & Sullivan, which has also received treatment from Wikipedia and may be more familiar to Verge readers. He handled Samsung’s defense against Apple’s patent lawsuit alleging that Galaxy devices were a mere copycat of the iPhone, and previously defended Musk in his “pedo man” defamation lawsuit, as well as after his tweet with “provided funding’ to take Tesla private in lawsuits against the SEC and an ongoing shareholder lawsuit.
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