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Elon Musk fired another salvo in his bid to cancel the $44 billion buyout of Twitter, citing claims made by Twitter whistleblower Peiter “Mudge” Zatko as further proof that the social media company hasn’t been forthcoming about its “far-reaching misconduct.”
Mike Ringler, Musk’s lawyer, wrote a letter to Twitter’s top legal counsel on Monday — a follow-up to Musk’s initial July 8 notice to the Securities and Exchange Commission seeking to terminate his acquisition of Twitter.
“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,” wrote Ringler, from the law firm Skadden, Arps, Slate, Meagher & Flom LLP.
The attorney wrote that the second notice is “not legally necessary” to terminate the merger, but was filed in case the July 8 notice was “determined to be invalid for any reason.
