Science

The latest reason why Elon Musk is pulling out of his Twitter deal

Elon Musk in bitter legal battle with Twitter (file)

New York:

Elon Musk on Friday added the Twitter whistleblower’s severance pay to a list of reasons why he feels he has the right to back out of his $44 billion deal to buy the social media platform.

The firing letter sent to Twitter accused the company of failing to notify it of a multimillion-dollar severance package in June to outgoing security chief Peter Zatko, who, according to the transcript, filed a complaint criticizing Twitter’s security practices. Letter to the Securities and Exchange Commission.

Musk’s lawyers argued that his failure to get consent prior to Zatko’s payment provided another legal basis for terminating the Twitter merger agreement he signed in April.

Twitter is different.

“My friend appears to be claiming that Twitter should have misinformed Musk about the existence of a disgruntled former employee who made various allegations that have been questioned and found unfounded,” Twitter attorney William Savitt said earlier this week.

” It does not make sense. “

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

Musk, the richest man in the world, said in his original termination letter that he canceled the deal because he was misled by Twitter about the number of bot accounts on his platform. The company denies the allegations.

In a controversial ruling released earlier this week, Kathleen McCormick, the Delaware attorney handling the case, said Musk could add Zatko’s August denunciations.

But she declined his request to postpone the trial, saying that extending the trial “risks Twitter more than can be justified.”

Musk has been embroiled in a bitter legal battle with Twitter since he announced in July that he was putting his acquisition of the company on hold after a complicated and volatile courtship that lasted several months.

The five-day trial is due to begin October 17 in Delaware court.

(This story has not been edited by the NDTV team and is automatically generated from the public thread.)

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