• Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
Saturday, January 28, 2023
TheGreatNews.com
  • Home
  • MINDSET
  • WELL BEING
  • POSITIVE NEWS
  • WISDOM
  • PURPOSE
  • NEW TECHNOLOGIES
  • More Topics
    • ENTREPRENEUR
    • GREEN ENERGIES
    • SUCCESS
    • GOOD LIFE
No Result
View All Result
  • Home
  • MINDSET
  • WELL BEING
  • POSITIVE NEWS
  • WISDOM
  • PURPOSE
  • NEW TECHNOLOGIES
  • More Topics
    • ENTREPRENEUR
    • GREEN ENERGIES
    • SUCCESS
    • GOOD LIFE
No Result
View All Result
TheGreatNews.com
No Result
View All Result

Elon Musk says whistleblower’s testimony gives him more reasons to dump Twitter deal

in NEW TECHNOLOGIES
Reading Time: 2 mins read
A A
Share Share Share Share Share

Related articles

Garbage is sometimes a HIPAA violation

JBL announces the Tour One M2 headphones and Tour Pro 2 earbuds

Elon Musk says the disclosures of Twitter’s former security chief have given him new justifications to walk away from his $44 billion deal to buy the social media platform.

Musk’s lawyers filed a new “Termination Letter” with the SEC on August 29th, which cites the testimony of Twitter whistleblower Peiter “Mudge” Zatko as evidence that Twitter misled Musk in the parties’ merger agreement. Specifically, Musk claims that Twitter’s declaration in the merger agreement that it had not misled the SEC is false, citing Zatko’s allegations. In Zatko’s own complaints, which were published last week, he claimed that Twitter repeatedly and knowingly misled regulators about the security of its platform.

“[Zatko’s] allegations, if true, demonstrate that Twitter has breached the following provisions of the Merger Agreement, thereby giving the Musk Parties the right to terminate the Merger Agreement pursuant to its terms as more fully described below,” states Musk’s new termination letter.

Musk, of course, is desperate to back out of the deal, but needs to prove to a judge that Twitter violated some aspect of the merger agreement. If he doesn’t, he’ll have to pay a $1 billion fine or be forced to carry out “specific performance” (meaning: actually buy Twitter).

It’s not clear, though, if Musk’s new termination letter strengthens his case. Musk’s first termination letter was filed in the beginning of July, and made similar accusations that Twitter misled the SEC in its regulatory disclosures (among other claims). This new letter essentially repeats the same charge, adding Zatko’s complaint as additional evidence.

Law professor Ann Lipton, who’s analyzed the credibility of Musk’s legal case for walking away from the Twitter deal, previously said Zatko’s complaint would be something of a “wild card” in the legal case. However, prior to the appearance of this new termination letter, she said Musk’s arguments “do not appear to be very strong.”

Credit: Source link

ShareTweetSendPinShare
Previous Post

Who Wins the Tug-of-War Going on in the Stock Market?

Next Post

Salvaging crops and tackling a broken food system: meet the ‘gleaners’

Related Posts

Garbage is sometimes a HIPAA violation

Garbage is sometimes a HIPAA violation

August 30, 2022

After the Supreme Court decided to end federal protection for abortion in June, many abortion advocates and lawmakers started agitating for the Biden administration to make...

JBL announces the Tour One M2 headphones and Tour Pro 2 earbuds

JBL announces the Tour One M2 headphones and Tour Pro 2 earbuds

August 30, 2022

JBL has just announced the Tour Pro 2 wireless earbuds, featuring adaptive noise cancellation and customizable ANC alongside a charging case with a 1.45-inch LED touchscreen...

Logitech’s cloud gaming handheld leaks with Android apps and Switch-like UI

Logitech’s cloud gaming handheld leaks with Android apps and Switch-like UI

August 30, 2022

Logitech’s new cloud gaming handheld has leaked weeks after the company teased it was working on the new device. Logitech G and Tencent Games confirmed their...

Meta links Instagram’s NFT posts to Facebook as the market for ‘digital collectibles’ tanks

Meta links Instagram’s NFT posts to Facebook as the market for ‘digital collectibles’ tanks

August 30, 2022

Meta has been testing support for NFT “digital collectible” posts on Instagram since May, and if you’re among the expanding group of people with access, then...

Tesla anti-union black t-shirt policy ruled unlawful by NLRB

Tesla anti-union black t-shirt policy ruled unlawful by NLRB

August 29, 2022

Union swag at Tesla is in. The National Labor Relations Board (NLRB) said that Tesla’s current dress code policy was unlawful. Specifically, the part where it...

Next Post
Salvaging crops and tackling a broken food system: meet the ‘gleaners’

Salvaging crops and tackling a broken food system: meet the ‘gleaners’

What Is Quiet Quitting, TikTok’s New Viral Trend?

What Is Quiet Quitting, TikTok's New Viral Trend?

How to Get 100% of Your Student Loans Forgiven Through the Borrower Defense Program

How to Get 100% of Your Student Loans Forgiven Through the Borrower Defense Program

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Weekly Updates

insurance

“Life Insurance and its Impact on Overall Well-being”

January 24, 2023
TheGreatNews.com

This is an online news portal that aims to provide the latest updates about mindset, well being, positive news, wisdom, purpose, new technologies, entrepreneur, green energy, success, good life and stuff like that around the world. Feel free to get in touch with us!

© 2021 - TheGreatNews.com - All rights reserved!

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA
No Result
View All Result
  • Home
  • MINDSET
  • WELL BEING
  • POSITIVE NEWS
  • WISDOM
  • PURPOSE
  • NEW TECHNOLOGIES
  • More Topics
    • ENTREPRENEUR
    • GREEN ENERGIES
    • SUCCESS
    • GOOD LIFE

© 2021 - TheGreatNews.com - All rights reserved!