San Francisco, Sep 10 (IANS) Tesla CEO Elon Musk has shot off a 3rd discover to Parag Agrawal-led Twitter, geared toward terminating the $44 billion takeover deal.
Within the newest letter submitted with the US Securities and Alternate Fee, Musk’s authorized crew cited Twitter’s multi-million greenback severance fee to former safety chief and whistleblower Peiter “Mudge” Zatko.
Based on The Verge, the discover was despatched to Twitter’s chief authorized officer Vijaya Gadde.
“On June 28, 2022, Twitter entered right into a separation settlement with Peiter Zatko below which Twitter made severance funds to Zatko and his counsel totaling $7.75 million,” the discover mentioned.
Musk’s attorneys cited this as but another excuse to terminate the deal.
The Tesla CEO can be making an attempt to purchase extra time from the court docket to kick off the Twitter trial, set for October 17, citing the upcoming testimony by Zatko.
Musk’s authorized crew has proposed a brand new timeline that might push the week-long trial to late November.
Zatko is ready to testify on the US Congress on September 13 about allegations he levelled towards the micro-blogging platform.
The previous Twitter safety head alleged that Twitter misled regulators about its safety practices and precise variety of bot accounts.
Zatko additionally acquired a subpoena from Musk’s authorized crew to look for a deposition on September 9 within the ongoing lawsuit between Twitter and Musk.
Musk has mentioned that the testimony of the Twitter whistleblower justifies his termination of the $44 billion deal to purchase the micro-blogging platform.
(Aside from the headline, the remainder of this IANS article is un-edited)
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