Musk has a new reason to cancel the Twitter deal.
Elon Musk has used former security chief Peter Zatko’s scathing content as a new reason to ask him to leave his deal with Twitter.
Business Insider On Aug. 30, Musk’s legal team sent a letter to Twitter saying the billionaire had additional legal grounds to reject the company’s $44 billion acquisition.
A letter released to the US Securities and Exchange Commission contains complaints from former Twitter security chief Peter Zatko against the former company.
Musk’s attorney said that if for any reason the court doesn’t approve the lawsuit against “multiple fake Twitter accounts,” it will file a second lawsuit and all proceedings will begin.
Zatco’s attorney acknowledged receipt of the subpoena. Twitter has not yet commented on the news.
Zatko made some shocking revelations and complained on Twitter last week. They said the social network has multiple security and privacy vulnerabilities that put users, investors and even US national security at risk. They also accused Twitter executives of misleading company executives and boards about their problems.
Zatko then criticized Zatko on Twitter, calling the company “wrong”. A Twitter spokesman said Zatko was fired earlier this year for “ineffective leadership and poor performance.”
The reaction of US lawmakers and security experts to the Zatco allegations will have long-term consequences for Twitter. “There are several reasons to address Zatco’s lawsuit against the former company,” said Robert Penza, attorney for Polsinelli Law Firm. But Mook’s Twitter account needs to prove the paper was intentionally false. The financial statements and such information materially misstate the information. Business”.
The $44 billion trial between Elon Musk and Twitter is scheduled for October 17 in a Delaware court. Both sides have submitted multiple petitions to the court against celebrities and tech companies. One of the witnesses the court sent to testify was former Twitter CEO Jack Dorsey, a longtime friend of Musk.
Kung Nha (Consequences Business Insider)