Elon Musk cites whistleblower claims in latest effort to scrap Twitter deal – CNBC

In this illustration, Elon Musk’s Twitter account is displayed on the screen of a mobile phone with the Twitter logo in the background. A whistleblower’s complaint that Twitter misled federal regulators about the company’s security risks could provide Elon Musk with fresh ammunition in his bid to get out of buying the company for $44 billion.Sheldon Cooper | Lightrocket | Getty ImagesElon Musk’s legal team filed another notice on Tuesday to terminate his $44 billion deal to buy Twitter, citing additional reasons.Twitter shares were down more than 1% in premarket trade.The latest filings come after Twitter’s former head of security, Peiter “Mudge” Zatko, earlier this month alleged “extreme, egregious deficiencies” by the social media company related to privacy, security and content moderation.On July 8, Musk’s legal team initially filed a notice with the U.S. Securities and Exchange Commission to terminate the Twitter acquisition. Musk’s team alleged that “Twitter has not complied with its contractual obligations.”The follow-up notice, disclosed to the SEC, cites allegations made by Zatko as additional reasons to terminate the deal.”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…
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