Name: Elon Sues The Lawyers That Forced Him to Buy Twitter（Elon Sues The Lawyers That Forced Him to Buy Twitter）
Uploaded: 2023-07-18T19:44:52.000Z
Duration: 16 min 21 s
Description: VoiceTubeの動画で発音を聞きながら英語表現を覚えよう！学べる英語：

- Buying Twitter might be the worst thing

to ever happen to Elon Musk, but the best thing to happen

関係詞節（制限と非制限）

And now, Elon is suing the lawyers who forced him

because he thinks that they charged Twitter too much

to beat Elon Musk, because now Elon owns Twitter,

and he's the one that effectively has to pay for it.

But of course, it's more complicated than that.

from the time that he was forced to honor his deal

So now, he has filed a lawsuit against the law firm

Wachtell charged Twitter $90 million to facilitate the deal

that eventually led to Musk taking Twitter private.

Now, the old Twitter board paid $84 million

right as the deal closed, literally 10 minutes

And now, Elon would like all of that money back, please.

- Now to review, this was a sale between a public company

and an individual who intended to take the company private.

Musk offered Twitter a share price of $54.20 per share,

for reasons relating to him being a huge idiot.

And essentially, Musk failed to do his due diligence

before making the offer and later realized

Or maybe it dawned on him that trying to make Twitter

Now, Wachtell wasn't Twitter's original law firm

for the sale, but when Musk said that the deal was dead

and tried to back out, Twitter turned to this law firm,

which has a reputation as one of the world's top law firms

specializing in mergers and acquisitions.

- I'm into mergers and executions, mostly.

and he backed down without even getting a discount

Twitter paid the law firm $90 million in success fees.

Elon Musk believes that this is unjust enrichment,

and the firm should give most of that back to Twitter,

Twitter hired Wachtell on June 21st, 2022.

The law firm sent an engagement letter stating

it would represent Twitter "on an hourly fee basis

in a litigation to compel specific performance

of the Musk Parties' acquisition of Twitter."

from Twitter's usual fee arrangement with outside counsel,

which gave Twitter a 15% discount on hourly billing rates.

after making this arrangement with Twitter,

Wachtell invoiced Twitter for a total of $18 million,

because it was only for a few months of work.

is that during those few months, Wachtell filed a lawsuit

against Musk that successfully compelled him

and the lawsuit was filed on July 12th, 2022.

By October 4th, 2022, Musk gave up his fight

to back out of the sale, and he agreed to abide

and the closing was set for October 28th.

Now, according to the complaint on October 27th,

with "the firm's work on the merger litigation

in the Delaware Chancery Court already concluded,

for Twitter to utilize its services again,

Wachtell, the law firm, decided to milk the company

Musk says, "In other words, Wachtell sought

in a total fee nearly six times its $15.6 million

in invoiced hourly fees for a few months work

and two, the litigation in which Wachtell

represented Twitter had been stayed for weeks

in anticipation of dismissal following the closing."

Now, you might be asking why a success fee is even a thing

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Elon Sues The Lawyers That Forced Him to Buy Twitter（Elon Sues The Lawyers That Forced Him to Buy Twitter）

literally

absolutely

bunch

extremely