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Twitter is suing the law firm that used to represent Twitter. - The Verge (www.theverge.com)

submitted 1 year ago by reclipse@lemdro.id to c/technology@lemmy.world

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The firm, which represented Twitter as Musk tried to back out of his deal to buy Twitter, received a $90 million fee for getting the deal over the finish line, according to The New York Times. Elon Musk’s Twitter alleges the payment is “unjust enrichment” and wants the fee to be returned.

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[–] SeaOtter@lemmy.ca 1 points 1 year ago

Then the banks will take possession of Twitter, and probably arrange a (fire) sale to a financial sponsor. There is no chance the banks will role over like others that Musk is not paying. It’s much more cut and dry on term loans or bridge loans.

The bank group is furious with Twitter/Musk.