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Pointing to 'Wachtell's Greed,' X Corp. Argues Law Firm Can't Force Arbitration in Fee Lawsuit
Wachtell's "unethical" $70 million success fee justifies equitable relief—triggering a carveout in the firm's arbitration clause—X Corp.'s lawyers stated.
Deal Watch: Simpson, Skadden, Cravath Guide $28 Billion Cisco Deal
The rest of the week was rather quiet on the deal front, but "Old Tech" is making something of a comeback.Wachtell Pushes for Arbitration in Twitter Fee Dispute
Wachtell counsel Morrison & Foerster on Friday filed a motion to compel arbitration of a lawsuit brought by Twitter over legal fees.
'Patently Unreasonable': Twitter Blasts Vijaya Gadde's $1.1M Legal-Fee-Reimbursement Request
Twitter rapped its former legal chief for enlisting eight Sidley Austin professionals—five partners, two associates and a policy adviser—in connection with her one-day appearance before a House committee. "This is not a case of mere duplication of effort," its filing said. "This is a case of quadruplication of effort."
Lewis Brisbois Litigator Joins Tesla's Crew of 'Hardcore Streetfighters'
Frank Brannen is going in-house for the first time, joining a litigation department that Elon Musk wants to be hyper-aggressive. "There will be blood," Musk said in a tweet last year.
Law Journal Press | Digital Book
Anatomy of a Merger: Strategies and Techniques for Negotiating Corporate Acquisitions
Authors: James C. Freund
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Wachtell's Billing Practices Brought to Light in Twitter Fee Lawsuit
The firm gets paid 60% to 80% of investment banks working on the same deals and two to three times its billable rate on "premium-billing" litigation matters, according to a court filing.
Twitter Suit Blames 'Disgruntled' Legal Execs for Massive Wachtell Payout
"Wachtell exploited a corporate client left unprotected by lame-duck fiduciaries who had lost their motivation to act in Twitter's best interest," Twitter's lawsuit alleges.
Twitter Lawsuit Alleges Wachtell Ran Up $90 Million Tab Before Musk Takeover
A complaint filed this week alleges Wachtell added a $71 million success fee to accrued hourly billables, which lame-duck in-house counsel approved against Musk's orders.
If Kirkland & Ellis Can't Avoid Cyberattacks, Who Can?
Kirkland and Am Law 50 peers K&L Gates and Proskauer Rose are among the latest victims of a sweeping cyber breach. "It proves that nobody is immune," said Zach Olsen, president of communications firm Infinite Global.
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