In recent legal proceedings, the law firm Wachtell Lipton Rosen & Katz has reaffirmed its effort to steer a disagreement concerning X Corp., previously known as Twitter, into arbitration. The dispute revolves around an estimated $90 million retainer.
The argument with X Corp., a social media company now owned by Elon Musk, concerns the firm’s interpretation of their arbitration clause in their legal agreement, a reading that Wachtell Lipton Rosen & Katz has criticized as “often-tried, often-rejected”. This renewed attempt to move the dispute into arbitration was outlined in a new brief filed earlier in the week by the law firm.
For a closer look at the dispute and the specific criticisms of X Corp.’s interpretation of their arbitration clause, you can refer to the original brief filed by Wachtell Lipton Rosen & Katz here.