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Delaware Chancery Court Chancellor Kathaleen McCormick said Elon Musk’s attorneys may use the account of former Twitter executive Peiter “Mudge” Zatko in their case against Twitter.
Musk is in court because he pulled out a previous offer to buy Twitter for $44 billion, citing an inaccurate number of real vs fake accounts.
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Twitter and other technology companies have been trying to cut costs by not hiring and reducing office space. The Twitter stock was on the downside, but once the Chancellor announced her decision, the stocks rose over 6 percent.
Twitter lawyer William Savitt claims that Musk had texted some economic concerns to Michael Grimes, a managing director at investment bank Morgan Stanley which could potentially put Musk in breach of contract.
The whistleblower report indicated that Twitter misled board members and the government about the challenges facing Twitter. The battle will continue in court.
More on this story via Daily Wire:
“All engineers had access. There was no logging of who went into the environment or what they did,” Zatko wrote. “Nobody knew where data lived or whether it was critical, and all engineers had some form of critical access to the production environment.”
Twitter’s lawsuit against the world’s richest man nevertheless asserts that he is obligated to complete the deal. “Musk refuses to honor his obligations to Twitter and its stockholders because the deal he signed no longer serves his personal interests,” the lawsuit said. “Musk apparently believes that he … is free to change his mind, trash the company, disrupt its operations, destroy stockholder value, and walk away.”
