2 ms·

Musk sues law firm because he’s mad that Twitter paid $90M bill

• red-iron-pine 3y ago
  > Musk's Twitter apparently hasn't paid many bills since then, as the company is facing more than 20 lawsuits over allegedly unpaid bills for rent and various services. Twitter is also facing lawsuits from ex-employees over unpaid severance and bonuses, and a lawsuit from former CEO Parag Agrawal and other ex-executives over unpaid reimbursements. Sounds like this is a move of rage or desperation
• anigbrowl 3y ago
  What an incredible business genius. If only I had this sort of entrepreneurial flair.
  • meepmorp 3y ago
    If he keeps up this level of performance, I think Musk stands a decent chance of becoming a millionaire.
• genmud 3y ago
  So they are saying it is related to a success fee of about 72m, plus fees for services rendered, totaling 18m. Musk accuses them of unjust enrichment, but it sounds like a pretty clear cut case of the old management doing what was right for the shareholders. Musk tried to back out of the deal and even paying your law firm a bonus for winning the case, it was a wise move by the shareholders, board and employees. By spending the money, they ensured Musk complied with his contractual obligations when it was very clear he wouldn't have closed the deal otherwise. By taking him to court vs renegotiating, they likely kept billions of dollars of value for twitters shareholders.