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Twitter just hired a big-name law firm to sue Elon Musk for dropping out of $44 billion takeover bid, report says
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[quote:Anonymous Coward 83830541:MV81MTgxNDcxXzk1MjQyNDU3X0U5RTY4QUU1] [quote:Anonymous Coward 79207668:MV81MTgxNDcxXzk1MjQyNDExXzY0RTlFQUQ0] Musk will win. Twitter is a social engineering bot farm. That's why he backed out, and he has the receipts. [/quote] speaking of receipts on twitter bots..... oh the irony and hypocrisy! "Twitter bots helped build the cult of Elon Musk and Tesla. But who’s creating them?" [b]Over the 10-year study period, of about 1.4 million tweets from the top 400 accounts posting to the “cashtag” $TSLA, 10% were produced by bots. Of 157,000 tweets posted to the hashtag #TSLA, 23% were from bots, the research showed. [/b] [b]Kirsch and Chowdhury tracked 186 Tesla-related bot accounts and found that after each was launched, the company’s stock appreciated more than 2%[/b]. (They looked at the average stock return for the week previous to the bot’s creation and for the week following.) While Tesla’s market value has increased over the years, the price has seen dramatic ups and downs. [b]The periods around bot creation showed sharp increases, but outside those windows, trading was far more volatile, Chowdhury said. [/b] https://www.latimes.com/business/story/2022-04-12/musk-is-off-the-twitter-board-of-directors-the-tesla-twitter-bot-army-marches-on [/quote]
Original Message
(Business Insider) Twitter has hired Wachtell, Lipton, Rosen & Katz LLP to sue Elon Musk over his move to terminate a $44 billion deal to acquire the app, sources familiar with the matter tell Bloomberg.
The firm specializes in merger litigation and has connections to the Delaware court system, where the case will be tried. Twitter plans to file a lawsuit against the Tesla CEO early this week, the sources told Bloomberg.
Musk himself will be represented by Quinn Emanuel Urquhart & Sullivan LLP. The law firm successfully won a defamation trial for the billionaire back in 2019.
Representatives for Twitter and Wachtell, Lipton, Rosen & Katz did not immediately respond to Insider's request to comment.
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