September 30, 2022
Elon Musk’s latest reason to leave Twitter deal

Elon Musk’s latest reason to leave Twitter deal

Elon Musk has been locked in a bitter legal battle with Twitter (File)

New York:

Elon Musk on Friday added a separate payment made by Twitter to a whistleblower to a list of reasons he feels deserves to walk away from his $44 billion deal to buy the social media platform.

A termination letter sent to Twitter accused the firm of not telling it about the multimillion-dollar severance payment it made in June, which, according to a copy, filed a whistleblower complaint criticizing Twitter’s security practices. Peter Zatko, the security chief known for Letter filed with the Securities and Exchange Commission.

Musk’s lawyers argued that failing to get his consent before paying Zatco provides another legal basis for breaking off the merger deal with Twitter in April.

Twitter disagreed.

Twitter attorney William Savitt said earlier this week, “My friends are arguing that Twitter should have unnecessarily told Musk that there was a disgruntled former employee who made various allegations, who were questioned.” and were found without qualification.”

“It doesn’t make any sense.”

Twitter did not respond to a request for comment on Friday.

Musk, the world’s richest man, said in his original termination letter that he was scrapping the deal because he had been misled by Twitter about the number of bot accounts on its platform, a charge the company dismissed.

In a mixed ruling earlier this week, Kathleen McCormick, the chancellor of the Delaware Court of Justice that is overseeing the case, said Musk could link the whistleblowing revelations to Zatko that surfaced in August.

But she declined their request to push back the lawsuit, saying prolonging the lawsuit would “do more damage to Twitter, which would be too good to justify.”

Musk has been locked in a bitter legal battle with Twitter since announcing in July that he was pulling the plug on the purchase of the company after a complicated, volatile, months-long courtship.

The five-day hearing is set to begin on October 17 in a Delaware courtroom.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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