Musk says Twitter whistleblower payment is another reason to scrap merger
He claims Twitter’s failing to seek his authorization prior to paying $7.75 million to Peiter Zatko broke merging contract
Elon Musk’s legal representatives claimed on Friday that Twitter Inc’s choice to pay $7.75 million to a whistleblower provides the globe’s wealthiest individual one more validation for ending his $44 billion contract to buy the firm.
In a letter to Twitter, the legal representatives claimed Twitter’s failing to look for Musk’s authorization prior to making the settlement to Peiter Zatko broke the April 25 merging contract, which limited when Twitter might make such repayments.
” This severance settlement … can not be treated,” and also Musk is as a result not needed to finish the merging, the letter claimed.
A duplicate of the letter was submitted with the United States Stocks and also Exchange Payment.
Twitter did not right away reply to an ask for remark.
The letter was submitted after Musk submitted under seal a changed countersuit, to include Zatko’s insurance claims of safety gaps at the social media sites firm.