- Twitter has hired one of the world's top corporate law firms to sue Elon Musk, Bloomberg reports.
- The social media company plans to file a lawsuit against Musk early this week, sources told the outlet.
- The Tesla CEO moved to terminate the $44 billion Twitter deal on Friday.
The firm specializes in merger litigation and has connections to the Delaware court system, where the case will be tried. Twitter plans to file a lawsuit against the Tesla CEO early this week, the sources told Bloomberg.
Musk himself will be represented by Quinn Emanuel Urquhart & Sullivan LLP. The law firm successfully won a defamation trial for the billionaire back in 2019.
Representatives for Twitter and Wachtell, Lipton, Rosen & Katz did not immediately respond to Insider's request to comment.
"We are confident we will prevail in the Delaware Court of Chancery," the board said.
Musk's central objection in recent weeks has been over the data and methods used to estimate the number of fake accounts on the platform. His lawyers argue that he did not waive his right to inspect this information when he elected not to look at it before signing the merger agreement.
The lawyers claim that Musk's analysis so far indicates the percentage of false accounts is "wildly higher than 5%" — contrary to Twitter's disclosures in its financial reports.
Legal experts told Insider Musk is facing a considerable legal fight, including a possible $1 billion breakup fee, as he attempts to walk away from the deal.