If Twitter files a lawsuit against Elon Musk in response to his move to break up the deal, the parties are likely to face a long legal battle ahead.
In a letter on Friday, Musk's lawyers accused Twitter of a"material breach of multiple provisions" of the deal agreement and claimed the company made"false and misleading representations" about the prevalence of fake accounts on its platform.
In order for there to be a"material breach" of the deal agreement, Musk would have to prove that Twitter made false statements that were so egregious they'd have a long term impact on the company's earnings potential, Lipton said.Twitter appears to have the upper hand as the deal drama heads to court, Lipton said.
After that, Quinn said he expects both parties will continue to make their arguments in court, as part of a litigation process that could take a year to play out. "For litigation, that's quick," he added.
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