Musk's lawsuit in San Francisco County Superior Court alleges that [law firm] Wachtell, Lipton, Rosen & Katz overcharged Twitter when it collected $90 million—including $84.3 million on the same day Musk completed his purchase of Twitter.
... The bulk of the $84.3 million paid to Wachtell on October 27 was allegedly a "success fee" for forcing Musk to close the [Twitter acquisition] deal. ... Based on other invoices and accrued fees, the success fee is said to be either $61 million or $72 million.
... Wachtell should be required to forfeit its entire $90 million total fee ... and make restitution in the amount of $90 million," the lawsuit said.
this post was submitted on 09 Jul 2023
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