10 C
New York

Twitter whistleblower payment violated deal

Published:

Elon Musk’s lawyers said on Friday that Twitter’s decision to pay $7.75 million to a whistleblower gives the world’s richest person one other justification for terminating his $44 billion agreement to buy the corporate.

In a letter to Twitter, the lawyers said Twitter’s failure to hunt Musk’s consent before making the payment to Peiter Zatko violated the April 25 merger agreement, which restricted when Twitter could make such payments.

“This severance payment … can’t be cured,” and Musk is due to this fact not required to finish the merger, the letter said.

A duplicate of the letter was filed with the Securities and Exchange Commission.

Twitter didn’t immediately reply to a request for comment.

The letter was filed after Musk filed under seal an amended countersuit, to include Zatko’s claims of security lapses on the social media company.

sportinbits@gmail.com
sportinbits@gmail.comhttps://sportinbits.com
Get the latest Sports Updates (Soccer, NBA, NFL, Hockey, Racing, etc.) and Breaking News From the United States, United Kingdom, and all around the world.

Related articles

spot_img

Recent articles

spot_img