Twitter’s pursuit of equitable relief, Wachtell opined, was like trying to fit a square peg in a round hole. In a twist that intensifies the narrative’s complexity, Wachtell spotlighted not one, but two explicit delegation stipulations that reinforce their claim: both within the arbitration clause and the incorporated JAMS Rules.
Behind the $90 Million Curtain
Previously, in a dramatic July courtroom scene, X Corp. had hurled accusations at Wachtell, portraying them as opportunists exploiting “lame duck fiduciaries” to “inflate their bill” to a staggering $90 million. The tech giant painted a vivid picture of Wachtell being “the nexus of an extravagant gala” fueled by Twitter’s exiting magnates right before the grand finale of the deal in October.
These top brass, as per X Corp., extravagantly “raised the stakes at Twitter” by, among other moves, green-lighting hefty payouts to favored legal houses like Wachtell.
Twitter Fee Suit : Wachtell’s Stellar Role
In a Shakespearean twist, Twitter had enlisted Wachtell to its legal battalion when Musk, in a surprising move, sought to abandon his commitment to purchase the tech giant. Wachtell played a pivotal role, applying immense pressure on Musk by securing a swift trial, ultimately making him honor the original deal terms.
The Silence from Both Camps
While this legal tempest rages, representatives for both Wachtell and X Corp. remain as enigmatic as the Mona Lisa’s smile, refraining from commenting this Monday.
