Wachtell, Lipton, Rosen & Katz has petitioned a California court to compel arbitration in a suit raised by Twitter’s parent company, X Corp, which disputes a reported $90 million in legal fees. The fee controversy stems from Wachtell’s role in defending Twitter in merger and acquisition litigation against Elon Musk.
The motion to compel arbitration was lodged by Morrison & Foerster partners Ragesh Tangri and Jordan Eth, representing Wachtell. The motion was filed in the California Superior Court in San Francisco. The crux of the motion asserts that Twitter’s lawsuit is unsuitable for the California court as an arbitration clause is present in the master retention agreement between Twitter and Wachtell.
More information into this ongoing legal dispute can be found in a detailed article.