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Elon Musk accuses Twitter of security flaws when filing in court

WILMINGTON: Billionaire Elon Musk accused Twitter Inc of fraud by concealing serious flaws in the social media company’s data security, which the businessman said should have allowed him to close a $44 billion deal for company, according to court filings on Thursday.
Musk, the world’s richest man, amended his previous lawsuit by passing the allegations of a Twitter accuser who said Conference on Tuesday of interference in influential social media platforms by foreign actors.
The CEO of the electric vehicle manufacturer Tesla Inc also alleges that Twitter hid from him that it did not comply with a 2011 agreement with Federal Trade Commission related to user data.
“Needless to say, the latest revelations are undeniably clear that Musk’s parties have the discretion to waive the merger agreement – for a variety of independent reasons,” the revised response said.
In a statement, Twitter said it’s looking forward to a five-day test slated to begin October 17 in Delaware. “Mr Musk’s statements are in fact inaccurate, legally incomplete and commercially irrelevant,” the company said.
Musk said the statements of whistleblower, former chief security officer of Twitter Peiter “Mudge” Zatkowas accused by Twitter of fraud and breach of contract.
Musk asked a Delaware judge to find that he was under no obligation to close the deal while Twitter wanted the judge to order Musk to buy the company for $54.20 per share.
Twitter shares were up 0.6% on Thursday at $42.14.
Twitter said it had conducted an internal investigation into Zatko’s allegations and determined that they lacked credit. The company said Zatko was fired for poor performance.
Twitter’s lawyers told the court that the whistleblower’s claim that Musk classed his case either did not provide grounds for termination of the trading agreement or did not meet the fraud standard.

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