Musk would complete the buyout on October 27.
The lawsuit claims that Wachtell tacked on a $84.3-million"success fee" and a $16-million invoice for hourly services for helping the company close the deal with Musk. According to a copy of an email attached to the court documents, former Twitter director and board member Martha Lane Fox appeared to express shock after the company's former general counsel Sean Edgett sent a copy of the fees.A copy of an email provided in X Corp.'s lawsuit against Wachtell, Lipton, Rosen & Katz."Despite any initial shock, Twitter's lame-duck board members voted to approve Wachtell's excessive and unconscionable fee," the lawsuit argued.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: