Elon Musk likely faces a legal bill as high as $100 million after failing to back out of buying Twitter
Elon Musk could be facing up to $100 million in personal legal fees after renewing his offer to buy Twitter.Lawyers at the top firms can make up to $2,500 an hour, one expert said.
This came after more than three months of dozens of lawyers at two firms going back and forth constantly, combined with experts, at least three data analysis firms, and various other untold costs working to support the billionaire's arguments that he could walk away from the agreement entirely. "Probably that much again on Twitter's side," Miller added."And of course, Musk effectively pays Twitter's costs, too" if he becomes the company's new owner.A lot of the cost, of course, is going straight to the lawyers and major firms Musk and Twitter employed. Over the course of the last four months, both sides altogether brought in over 50 lawyers from some of the highest paying firms in the country,.
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