Pro IQRA News Updates.
Tesla CEO Elon Musk has again filed documents to terminate his agreement to buy Twitter, this time based on information in a whistleblower complaint filed by Twitter’s former head of security.
In Tuesday’s SEC filing, Musk said his legal team informed Twitter of “additional grounds” for terminating the deal above that provided in the original termination notice issued in July.
In a letter to Twitter Inc., which was included in the filing, Musk’s advisers cited a whistleblower report by former executive Peiter Zatko – also known by his hacker name, “Mudge.”
Zatko, who served as Twitter’s head of security until he was fired earlier this year, alleged in his complaint to US officials that the company misled regulators about its poor cybersecurity defenses and its negligence in trying to root out fake accounts that spread disinformation.
The letter, addressed to Twitter’s chief legal officer, Vijaya Gadde, said Zatko’s allegations provided additional grounds for terminating the deal if the July termination notice was “determined invalid for any reason.”
Musk has spent months alleging that the companies he agreed to acquire fake and spam accounts were not accounted for, meaning he didn’t have to go through a $44 billion deal in the US. Musk’s decision to back out of the deal set the stage for a high-stakes legal battle in October.