Elon Musk's legal team claims Twitter's $7.75 million in severance payments to its former security chief and his counsel violated the acquisition agreement.
against Elon Musk after the billionaire filed a third termination notice accusing the company of breaching its obligations under his $44 billion acquisition agreement.
The social media platform called the third termination notice "invalid and wrongful" and said it has "breached none of its representations or obligations under the Agreement," "As was the case with each of your prior purported terminations, the Musk Parties third purported termination is invalid for the independent reason that Mr. Musk and the other Musk Parties continue to knowingly, intentionally, willfully, and materially breach the Agreement," Twitter said.
On Friday, Musk's legal team claimed Twitter did not seek their consent before making severance payments on June 28 to its former security chief Peiter "Mudge" Zatko and his counsel totaling $7.75 million. filed with the Securities and Exchange Commission. "Defendants are thus not required to close under Section 7.
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