Twitter whistleblower payment violated deal
Elon Musk’s legal professionals stated on Friday that Twitter’s resolution to pay $7.75 million to a whistleblower provides the world’s richest particular person one other justification for terminating his $44 billion settlement to buy the corporate.
In a letter to Twitter, the legal professionals stated Twitter’s failure to hunt Musk’s consent earlier than making the fee to Peiter Zatko violated the April 25 merger settlement, which restricted when Twitter might make such funds.
“This severance fee … can’t be cured,” and Musk is due to this fact not required to finish the merger, the letter stated.
A replica of the letter was filed with the Securities and Trade Fee.
Twitter didn’t instantly reply to a request for remark.
The letter was filed after Musk filed beneath seal an amended countersuit, to include Zatko’s claims of safety lapses on the social media firm.