The Tesla CEO claimed that a $7 million settlement payment to whistleblower Peiter Zatko violated the terms of the purchase contract. Twitter Disagrees.
to ex-executive , Peiter “Mudge” Zatko, following the security head’s departure from the company, was a violation of their Merger Agreement.In Section 6.1 the Merger Agreement, Twitter covenanted that between signing and closing it would not “except as required pursuant to existing Company Benefit Plans...
The company went on to claim Musk and “Musk Parties” have breached the Merger Agreement multiple times over, and that the purchase contract is still valid. “Twitter again demands that Mr. Musk and the other Musky Parties comply with their obligations under the Agreement,” its lawyers wrote.
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