X Corp. had argued Wachtell’s method of obtaining a $70 million success fee qualified as equitable relief, triggering a carve-out in Wachtell’s arbitration clause.
October 17, 2023 at 02:58 PM
2 minute read
Reporter
Wachtell, Lipton, Rosen & Katz successfully forced X Corp.’s lawsuit against the firm into arbitration, a San Francisco County Superior Court judge ordered on Monday.
X Corp. sued Wachtell in July over a $70 million success fee the firm obtained from the company’s former board of directors on the eve of Twitter’s purchase by Elon Musk. The billionaire had attempted to back out of the deal, prompting Twitter’s retention of Wachtell.
Presented by BigVoodoo
Join General Counsel and Senior Legal Leaders at the Premier Forum Designed For and by General Counsel from Fortune 1000 Companies
Join General Counsel and Senior Legal Leaders at the Premier Forum Designed For and by General Counsel from Fortune 1000 Companies
Honoring outstanding legal achievements focused at the national level, largely around Big Law and in-house departments.
Truly exceptional Bergen County New Jersey Law Firm is growing and seeks strong plaintiff's personal injury Attorney with 5-7 years plaintif...
Shipman is seeking an associate to join our Labor & Employment practice in our Hartford, New Haven, or Stamford office. Candidates shou...
Evergreen Trading is a media investment firm headquartered in NYC. We help brands achieve their goals by leveraging their unwanted assets to...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
The American Lawyer provides the most informed and trusted source of news, data, analysis and forecasting on the global business of law.
Wachtell, Lipton, Rosen & Katz. Courtesy photo
