Musk alleges that the allegations, if true, represent violations on Twitter’s side of the acquisition agreement and should allow it to opt out of the deal. The additional rationales outlined in the Aug. 29 letter are in addition to, not instead of, the rationales cited by Musk when he first announced he was seeking to step down, his legal team said in a filing. with the SEC.
Musk’s letter, Twitter wrote, “is based solely on statements made by a third party which, as Twitter has previously stated, are riddled with inconsistencies and inaccuracies and lack significant context.”
Legal experts say Zatko’s allegations will most likely play a role in Musk’s litigation with Twitter; the company asked a Delaware court to force Musk into the deal.