Elon Musk Jack Dorsey state Delaware Twitter FIVE Matthews Elon Musk Jack Dorsey state Delaware

Elon Musk Can Use $7.8 Mn Twitter Whistle-Blower Payment in His Counterclaims

Reading now: 739

Elon Musk can use a $7.8 million severance payment to a Twitter Inc. whistle-blower to argue he was justified in walking away from his $44 billion buyout of the company, the latest turn in a bruising battle set for trial next month.Delaware Chancery Judge Kathaleen St.

J. McCormick ruled Thursday that the billionaire can amend his counterclaims to Twitter's lawsuit against him with the payment to Peiter Zatko.

Musk claims Twitter failed to get his consent for the severance agreement, violating the terms of the buyout. Twitter sued Musk in July to force him to consummate the $54.20-per-share deal.The ruling is a boost for Musk in a closely watched case that has seen a torrent of subpoenas, including Musk's of Twitter co-founder Jack Dorsey, who has been an energetic booster of the buyout.

The trial is set for five days starting Oct. 17.Zatko, Twitter's former head of security, made headlines when he came forward to allege that he raised questions about the number of spam and bot accounts embedded in Twitter's customer base but was ignored by management.

Read more on tech.hindustantimes.com
The website gamebastion.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.