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Musk, the chief executive officer of Tesla, on Friday terminated
his deal, saying Twitter had failed to provide information about
fake accounts on the platform, after which Twitter's chairman,
Bret Taylor, vowed a legal fight.
Twitter is planning to file a law suit early this week in
Delaware, people familiar with the matter said.
Twitter declined to comment while the law firm did not
immediately respond to Reuters' request for comment outside
business hours.
Wachtell, Lipton, Rosen & Katz was one of the legal advisers for
Musk's plan to take Tesla private in 2018. Musk tweeted that
there was "funding secured" for a $72 billion deal to take Tesla
private but did not move ahead with an offer.
Musk and Tesla each paid $20 million in civil fines, and Musk
stepped down as Tesla's chairman to resolve U.S. Securities and
Exchange Commission claims that he defrauded investors.
Twitter's existing legal team includes Simpson Thacher &
Bartlett LLP and Wilson Sonsini Goodrich & Rosati.
(Reporting by Maria Ponnezhath in Bengaluru and Greg Roumeliotis
in New York; editing by Diane Craft)
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