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Jul 17, 2023

What does Elon Musk's latest lawsuit in San Francisco Superior Court reveal? Alot! The detailed lawsuit (and its many non-redacted internal emails and other exhibits) more fully disclose the profit model of powerhouse New York law firm Wachtell, Lipton, Rosen & Katz.  Elon Musk's Twitter acquisition company's suit seeks equitable "disgorgement" of the alleged $90M in "excessive legal fees" charged to and paid by Twitter's previous (now all fired) management and "approved" by its previous (now all resigned) board members.  How did this happen?  The “re-negotiated” fee agreement (setting the “multipler” on hourly fees to $90M (or over $100K/billable hour for less than six months of work that resulted in no trial, no appeal, and no substantive judicial decisions was finalized the day before the closing of the settlement Musk agreed to conclude after first refusing to do so. Is the timing alone enough for Musk to void the new fee agreement or will both sides consider some form of Creative Dispute Resolution? Today host Jack Russo and Professor Rafael Chodos discuss if Creativity Over Controversy®️ techniques could help both parties reach an amicable resolution. See: