Musk successfully sues Wachtell, Lipton, Rosen & Kat to remove that success fee
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Date: January 2nd, 2026 1:49 PM Author: Magical fuchsia theater stage famous landscape painting
During Elon Musk’s buy-out of Twitter (closed Oct 2022) Twitter agreed to pay Wachtell Lipton Rosen & Katz ~$90 million in legal fees (including a large “success” portion) for litigation that enforced Musk’s obligation to complete the deal.
📉 Musk’s company (X Corp.) tried to claw it back
In 2023, after the acquisition, X Corp. (Musk’s entity) sued Wachtell saying the success fee was improper, unjust, and violated fiduciary/ethical duties because the engagement originally didn’t provide for a success fee.
Wachtell pushed to send the case to private arbitration.
🚨 Latest development (Nov 2025)
X Corp. has dropped its lawsuit against Wachtell with prejudice, meaning it’s terminated permanently and can’t be refiled.
The dismissal was voluntary and no settlement was announced. Wachtell is claiming satisfaction with the outcome.
(http://www.autoadmit.com/thread.php?thread_id=5816393&forum_id=2,#49556575) |
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