Whistleblower Report Leads Elon Musk to Scrap Twitter Deal
Elon Musk's lawyers said in a letter to Twitter on Monday that Pieter Zatko's recent whistleblower report
Mr. Musk's former Twitter security chief could provide additional reasons to walk away from the $44 billion acquisition.
On Tuesday, Twitter lawyers responded to Mr. Musk in a letter, which was also disclosed in a regulatory filing.
A Delaware Chancery Court trial is scheduled for October to force Mr. Musk to close the deal.
According to Twitter, Musk's new attempt to exit the deal was "invalid and wrongful."
Twitter has been accused of fraud by both Mr. Musk and Mr. Zatko
Mr. Musk is being sued by Twitter to force him to close the deal
According to Mr. Zatko, Mr. Musk must complete the purchase in his upcoming trial.
Kathaleen McCormick has been asked to order Musk to buy Twitter for the agreed price of $54.20 per share.