Twitter assembles legal team to sue Elon Musk over dropped takeover

The social media company aims to file suit early this week, according to sources. — AP

Twitter Inc has hired merger law heavyweight Wachtell, Lipton, Rosen & Katz LLP as it races to sue Elon Musk for moving to dump his US$44bil (RM194.78bil) takeover of the company, according to people familiar with the matter.

The social media company aims to file suit early this week, according to the people, who declined to be identified because the matter is private. By hiring Wachtell, it gains access to lawyers including Bill Savitt and Leo Strine, who served as Chancellor of the Delaware Chancery Court, where the case will be heard.