Global News

[ad_1] SAN FRANCISCO: Elon Musk sued the law firm that led the court fight to make him complete his takeover of Twitter, saying it took advantage of the company while running up a $90 million bill. Wachtell Lipton Rosen & Katz, among the most profitable firms in the US, exploited a brief, vulnerable period just as Musk was closing the $44 billion deal, according to a complaint filed in San Francisco state court by Musk’s X Corp ., now the parent of Twitter. Twitter had agreed to pay Wachtell lawyers on an hourly basis to enforce Musk’s agreement to buy the company when he tried to back out, but the firm violated its ethical duties as well as California law in the final days of its four-month representation when it solicited “gargantuan” bonus fees, according to the complaint. The lawsuit is something of a role reversal for Musk, who is a defendant in numerous suits alleging that Twitter under his leadership allowed millions in unpaid expenses to pile up from former employee...

[ad_1] SYDNEY: An Australian project management firm has filed a lawsuit against Twitter in a US court seeking cumulative payments of about A$1 million ($665,000) over alleged non-payment of bills for work done in four countries. Sydney-based private company Facilitate Corp on June 29 filed the suit in a US district court in California claiming breach of contract over Twitter's failure to pay its invoices. The Australian firm's lawsuit is the latest alleging non-payment of bills and rent against Twitter since Elon Musk bought the social media platform for $44 billion last year. Facilitate said from 2022 through early 2023, it installed sensors in Twitter's offices in London and Dublin, completed an office fit-out in Singapore, and cleared an office in Sydney. For those works, Twitter owed the firm about 203,000, S$546,600 and A$61,300, respectively, Facilitate said. Facilitate said it was seeking compensatory damages, legal costs and interest at the maximum legal ...