On Monday, the 12th, we were all notified by Twitter that the allegations that had been made by one of Tesla's owner Elon Musk's lawyers are invalid. In others words, they are being deemed unfair as they will continue to enforce the proposed merger deal.
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On the Friday before the statement, the 9th, the representative that was sent by Musk spoke about a payment of about US$ 7 million that was made by Twitter to a whistleblower, something that ended up giving the billionaire even more ammunition to be able to end the agreement in a manner definitive.
Twitter, of course, also had its place of speech as well and responded by saying that it had not taken any action that violated the representation, let alone the obligation related to the $44 billion deal that Elon Musk is trying so hard to terminate. “This agreement has not yet been broken,” said the team responsible for the social network.
In June, Twitter agreed to pay a certain amount in settlement with Peiter Zatko, who was serving as the company's head of security shortly before being fired in January. This deal was concluded a few days before Zatko filed a complaint, in July, in which accuses the company of not protecting its users' data and also of lying about possible problems with security.
This information came from the Wall Street Journal.
Twitter did not seek approval from – as yet – future buyer Elon Musk before making the $7.75 million payment to Peiter Zatko and his lawyer. At least that's what the representative of billionaire Mike Ringler of Skadden, Arps, Slate, Meagher & Flom LLP points out. He also stated that the businessman found out about the payment when Twitter presented the settlement agreement. separation with Zatko in court, an occasion where Elon Musk was “fighting” with Twitter to be able to abandon the agreement.
Musk goes all the way to walk away from contract
The first time the CEO of Tesla Motors tried to give up buying the platform was in July of this year. He says Twitter ended up corrupting information about trades and requested data about spam or bot accounts on the social networking platform.
The allegations were denied by Twitter representatives, which ended up triggering this lawsuit against Elon Musk, whose goal is for him to comply with the agreement in the terms that have been defined. Notably, a five-day non-jury trial is scheduled to begin October 17 at the Delaware Chancery Court.
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