Elon Musk sees the severance payments to Twitter’s former security chief as another reason to withdraw from the purchase of the short message service. Musk should have been notified of the payment, according to documents his attorneys filed with the court on Friday. Bloomberg reports on this.
Another violation of takeover agreements
According to his lawyers, Musk only found out about the $7.75 million settlement that Peiter Zatko was paid when he left Twitter on September 3, when Twitter itself submitted the documents to the court. Zatko, who played Musk’s whistleblower in his criticism of Twitter, was summoned by the court to testify at the trial.
Musk accused Twitter of again violating the acquisition agreements. This is the third time he has withdrawn his offer of $54.20 per share due to misconduct by the social network’s senior management, Bloomberg reports. Zatko, aka “Mudge,” addressed the US Securities and Exchange Commission, the Commerce Board and the Justice Department in July, criticizing the security culture on Twitter.
Musk’s allegations against Twitter
Before the security allegations became public, Musk complained about the high number of bots on Twitter, the incomplete information from the short message service and the dismissal of employees after he made his purchase intentions public. However, a text message from Elon Musk to a bank employee also appeared this week, in which the Tesla and SpaceX boss justified the exit with concerns about a third world war.
Musk tried to postpone the October 17 court date to clarify the Twitter takeover, but was unsuccessful. Back in July, the billionaire’s lawyers asked the court to dismiss Twitter’s “unjustified request to expedite the process.” The basic analysis for false and spam accounts was extremely time-consuming, and it was unnecessary to solve such a momentous consideration in a breakneck plan, was the reasoning at the time.
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