October 7, 2022

Musk cites Twitter whistleblower claims as new justifications for backing out of acquisition

2 min read

On Monday, Musk’s legal team sent one. Letter Highlighting Zatko’s claims on Twitter, which were Specially reported via CNN and the Washington Post last week. Zatko served as Twitter’s head of security from November 2020 until he was fired from the company in January.
Musk’s letter, which was Disclosure In the Securities and Exchange Commission filing, Zatko points to allegations that Twitter is violating its 2011 consent order with the Federal Trade Commission. That the company is exposed to serious security threats. that it has infringed intellectual property rights; and that he has agreed to hire Indian government agents under pressure from the country.

Musk has alleged that the allegations, if true, represent a breach of the Twitter acquisition deal and should allow him to back out of the deal. His legal team said in an SEC filing that the additional justifications outlined in the Aug. 29 letter are in addition to, not instead of, the justifications cited when Musk first announced he was seeking to step down. Is.

CNN has reached out to Twitter for comment. Musk, in a direct response to Twitter Sent your letter The billionaire businessman on Tuesday rejected the latest attempt to scrap the deal, calling it “wrong and wrong”.

Musk’s letter, Twitter wrote, “is based solely on statements from a third party that, as Twitter has previously stated, are riddled with inconsistencies and misunderstandings and lack significant context.”

Legal experts have said that Zatko’s allegations will play a large role in the litigation between Musk and Twitter. The company has asked a Delaware court to force Musk to go through with the deal.

Zutko has been summoned by Musk’s legal team and is expected to appear for a deposition on September 9.

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