![]() ![]() 23 by CNN correspondent Donie O'Sullivan, Agrawal described Zatko as "a former Twitter executive who was terminated in January 2022 for ineffective leadership and poor performance." In a memo to staff posted to Twitter on Aug. The social media giant has previously responded to Zatko. Twitter's legal team said Musk's latest notice to terminate the deal is "invalid for the independent reason that Mr. Musk and the other Musk Parties continue to knowingly, intentionally, willfully, and materially breach" the acquisition agreement. Twitter said it intends to enforce the acquisition agreement and "close the transaction on the price and terms agreed upon" with Musk. "Contrary to the assertions in your letter, Twitter has breached none of its representations or obligations under the Agreement, and Twitter has not suffered and is not likely to suffer a Company Material Adverse Effect." "It is based solely on statements made by a third party that, as Twitter has previously stated, are riddled with inconsistencies and inaccuracies and lack important context," the letter written by William Savitt of Wachtell, Lipton, Rosen & Katz law firm said. Twitter said Musk's termination case is "invalid and wrongful under" the acquisition agreement. Twitter's legal team responded on Tuesday by sending a letter to Musk's legal representatives. Ringler said in the letter that the latest termination notice is "not legally necessary" to end the merger deal, but is being delivered in case the July 8 filing is "determined to be invalid for any reason." "Allegations regarding certain facts, known to Twitter prior to and as of July 8, 2022, but undisclosed to the Musk Parties prior to and at that time, have since come to light that provide additional and distinct bases to terminate the Merger Agreement," Mike Ringler, Musk's legal representative from Skadden, Arps, Slate, Meagher & Flom, wrote in a letter to Twitter's legal chief, Vijaya Gadde. The follow-up notice, disclosed to the SEC, cites allegations made by Zatko as additional reasons to terminate the deal. Musk's team alleged that "Twitter has not complied with its contractual obligations." Securities and Exchange Commission to terminate the Twitter acquisition. On July 8, Musk's legal team initially filed a notice with the U.S. The latest filings come after Twitter's former head of security, Peiter "Mudge" Zatko, earlier this month alleged "extreme, egregious deficiencies" by the social media company related to privacy, security and content moderation. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit ![]()
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