Tesla Inc. Chief Executive Elon Musk recently came up with one more reason why he seeks to terminate his deal for Twitter Inc., but a lawyer for the...
Tesla Inc. Chief Executive Elon Musk recently came up with one more reason why he seeks to terminate his deal for Twitter Inc., but a lawyer for the social-media company deemed that declaration “invalid.”
Musk has filed several notices saying that he is terminating his $44 billion deal for Twitter, and his latest, which came in the form of a letter from his legal team late Friday, cited Twitter’s TWTR June settlement with its former security chief Peiter “Mudge” Zatko. Musk’s team said that Musk wasn’t notified of a $7.75 million settlement payment before it was made or before Twitter filed a separation agreement with the court in early September.
Twitter’s legal team, however, maintained Monday that the company has “breached none of its representations or obligations” under the merger agreement.
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