Whistleblower Claims Rattle Twitter’s Bid To Force Musk Deal [Law360: Mergers & Acquisitions]


By Jeff Montgomery (August 23, 2022, 7:46 PM EDT) — A former Twitter security chief’s newly revealed whistleblower claims of “egregious” security deficiencies and misleading reports on nonrevenue-generating spam and “bot” traffic threatens to hobble the social media giant’s suit to force Elon Musk to close a $44 billion take-private deal, experts told Law360.

Several law professors and attorneys around the country who are familiar with the case said Tuesday that the allegations by Peiter “Mudge” Zatko could create pressure to delay a five-day trial now scheduled for Oct. 17, while also strengthening, at least for now, Musk’s argument for terminating his $54.20 per share contract to buy the company….

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Source