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:
www.FFCDR.com