<p>A court filing has revealed that billionaire Elon Musk has accused Twitter Inc of fraud by concealing serious flaws in the social media company's data security.</p>

<p>Following the allegations made by a Twitter whistleblower, Musk amended his previously filed lawsuit. The whistleblower claimed that there was meddling on the influential social media platform by foreign agents.</p>

<p>Alleging that Twitter was not complying with a 2011 agreement with the Federal Trade Commission regarding user data, Musk said he has a full right to walk away from his offer to buy the San Francisco-based company for $44 billion.</p>

<p>In response to Musk's allegations, Twitter said "Mr Musk’s claims are factually inaccurate, legally insufficient and commercially irrelevant."</p>

<p><strong><a href="https://www.wionews.com/world/elon-musk-blames-russia-ukraine-conflict-for-delaying-twitters-buyout-deal-515397">Also read |&nbsp;Elon Musk blames Russia-Ukraine conflict for delaying Twitter's buyout deal</a></strong></p>

<p>The former head of Twitter security Peiter "Mudge" Zatko was fired by the company for poor performance following which he told the US Congress that the platform ignored his security concerns.</p>

<p>Pointing out that he tried alerting management to grave vulnerabilities to hacking, Zatko contended that employees across the company had too much access to user data.&nbsp;</p>

<p>Saying that Zatko's claims amounted to fraud and breach of contract by Twitter, Musk said he has asked a Delaware judge to find that he was not obligated to close the deal.</p>

<p>Highlighting that Zatko's accusations were not grounds for terminating the deal agreement, Twitter said it conducted an internal investigation of his allegations and reached the conclusion that they lacked merit.&nbsp;</p>

<p><em>(With inputs from agencies)</em></p>

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A court filing has revealed that billionaire Elon Musk has accused Twitter Inc of fraud by concealing serious flaws in the social media company's data security. Following the allegations made by a Twitter whistleblower, Musk amended his previously filed lawsuit.

A court filing has revealed that billionaire Elon Musk has accused Twitter Inc of fraud by concealing serious flaws in the social media company's data security. Following the allegations made by a Twitter whistleblower, Musk amended his previously filed lawsuit. The whistleblower claimed that there was meddling on the influential social media platform by foreign agents. Alleging that Twitter was not complying with a 2011 agreement with the Federal Trade Commission regarding user data, Musk said he has a full right to walk away from his offer to buy the San Francisco-based company for $44 billion. In response to Musk's allegations, Twitter said "Mr Musk’s claims are factually inaccurate, legally insufficient and commercially irrelevant." Also read | Elon Musk blames Russia-Ukraine conflict for delaying Twitter's buyout deal The former head of Twitter security Peiter "Mudge" Zatko was fired by the company for poor performance following which he told the US Congress that the platform ignored his security concerns. Pointing out that he tried alerting management to grave vulnerabilities to hacking, Zatko contended that employees across the company had too much access to user data. Saying that Zatko's claims amounted to fraud and breach of contract by Twitter, Musk said he has asked a Delaware judge to find that he was not obligated to close the deal. Highlighting that Zatko's accusations were not grounds for terminating the deal agreement, Twitter said it conducted an internal investigation of his allegations and reached the conclusion that they lacked merit. (With inputs from agencies) Watch WION's live TV here: ×

Musk-Twitter legal battle: Tesla CEO accuses the social media platform of security lapses in court filing

<p>In a wide-ranging subpoena, Twitter’s legal team on Tuesday asked for information about a host of tech investors and entrepreneurs connected to Elon Musk as per a report from The Washington Post.</p>

<p>The subpoena, which includes “extensive requests for communications, including ‘checklists, timelines, presentations, decks, organisational calls, meetings, notes, recordings’ related to the deal’s financing,’” has miffed Musk’s high-tech allies.</p>

<p>The Post reported that these allies include former Facebook exec and CEO of Social Capital Chamath Palihapitiya, founder of VC firm Andreessen Horowitz Marc Andreessen, the founding chief operating officer of PayPal, and current general partner at Craft Ventures, David Sacks.</p>

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<p>“News that I am being subpoenaed by Twitter’s lawyers reminded me of this issue of Mad Magazine, I don’t know why,” Sacks posted on Twitter.</p>

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<p dir="ltr" lang="en">The news that I am being subpoenaed by Twitter’s lawyers reminded me of this issue of Mad Magazine, I don’t know why. <a href="https://t.co/LbrDnRAL6B">https://t.co/LbrDnRAL6B</a> <a href="https://t.co/kznsrxFOxf">pic.twitter.com/kznsrxFOxf</a></p>
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<p>Calling Twitter’s subpoenas sent to “friends in the ecosystem” surrounding Musk a “giant harassing fishing expedition,” Joe Lonsdale, general partner at 8VC also tweeted about it.</p>

<p>Musk, who is the world's richest man, was sued by Twitter after he backed out from his $44 billion offer of the acquisition of the social media company.</p>

<p>Blaming Twitter Inc for breaching the agreement by misrepresenting the number of fake accounts on its platform, Musk abandoned the takeover on July 8.</p>

<p>Calling the fake account claims a distraction and saying Musk was bound by the merger contract to close the deal at $54.20 per share, Twitter sued him days later.</p>

<p>Escalating his legal fight against Twitter, Musk countersued the San Francisco-based company last week after accusing it of dragging its feet in response to his discovery requests.</p>

<p><em>(With inputs from agencies)</em></p>

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In a wide-ranging subpoena, Twitter’s legal team on Tuesday asked for information about a host of tech investors and entrepreneurs connected to Elon Musk as per a report from The Washington Post.

In a wide-ranging subpoena, Twitter’s legal team on Tuesday asked for information about a host of tech investors and entrepreneurs connected to Elon Musk as per a report from The Washington Post. The subpoena, which includes “extensive requests for communications, including ‘checklists, timelines, presentations, decks, organisational calls, meetings, notes, recordings’ related to the deal’s financing,’” has miffed Musk’s high-tech allies. The Post reported that these allies include former Facebook exec and CEO of Social Capital Chamath Palihapitiya, founder of VC firm Andreessen Horowitz Marc Andreessen, the founding chief operating officer of PayPal, and current general partner at Craft Ventures, David Sacks. × “News that I am being subpoenaed by Twitter’s lawyers reminded me of this issue of Mad Magazine, I don’t know why,” Sacks posted on Twitter. The news that I am being subpoenaed by Twitter’s lawyers reminded me of this issue of Mad Magazine, I don’t know why. https://t.co/LbrDnRAL6B pic.twitter.com/kznsrxFOxf — David Sacks (@DavidSacks) August 2, 2022 × Calling Twitter’s subpoenas sent to “friends in the ecosystem” surrounding Musk a “giant harassing fishing expedition,” Joe Lonsdale, general partner at 8VC also tweeted about it. Musk, who is the world's richest man, was sued by Twitter after he backed out from his $44 billion offer of the acquisition of the social media company. Blaming Twitter Inc for breaching the agreement by misrepresenting the number of fake accounts on its platform, Musk abandoned the takeover on July 8. Calling the fake account claims a distraction and saying Musk was bound by the merger contract to close the deal at $54.20 per share, Twitter sued him days later. Escalating his legal fight against Twitter, Musk countersued the San Francisco-based company last week after accusing it of dragging its feet in response to his discovery requests. (With inputs from agencies) Watch WION's live TV here: ×

Twitter subpoenas host of tech investors and entrepreneurs connected to Elon Musk: Report

<p>A Delaware judge ruled that Tesla CEO Elon Musk and social media giant Twitter will head to a five-day trial on October 17.</p>

<p>According to the order signed late Thursday by Chancellor Kathleen McCormick of the Delaware Court of Chancery, Musk must reveal by the end of Friday any legal claims he has against the company.</p>

<p>Blaming Twitter Inc for breaching the merger agreement by misrepresenting the number of fake accounts on its platform, Musk said he was walking away from the deal on July 8.</p>

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<p>Calling&nbsp;the claim fake, Twitter sued Musk in response highlighting that he was bound by the merger contract to close the deal at $54.20 per share.</p>

<p>Saying she wanted to limit the potential harm to Twitter caused by the uncertainty of the deal, McCormick fast-tracked the case to trial last week.</p>

<p>Causing chaos within the company, the trial also resulted in Twitter missing expectations with a revenue of $1.18 billion.</p>

<p>Both Musk and Twitter, who were at odds over the limits of discovery, had agreed to pay each other a $1 billion breakup fee if either was responsible for the deal collapsing.</p>

<p>Musk is also facing another lawsuit from a Tesla shareholder who sued him for unjust enrichment and the weeklong trial will begin on October 24 in Wilmington.</p>

<p><em>(With inputs from agencies)</em></p>

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A Delaware judge ruled that Tesla CEO Elon Musk and social media giant Twitter will head to a five-day trial on October 17. According to the order signed late Thursday by Chancellor Kathleen McCormick of the Delaware Court of Chancery, Musk must reveal by the end of Friday any legal claims he has against the company.

A Delaware judge ruled that Tesla CEO Elon Musk and social media giant Twitter will head to a five-day trial on October 17. According to the order signed late Thursday by Chancellor Kathleen McCormick of the Delaware Court of Chancery, Musk must reveal by the end of Friday any legal claims he has against the company. Blaming Twitter Inc for breaching the merger agreement by misrepresenting the number of fake accounts on its platform, Musk said he was walking away from the deal on July 8. × Calling the claim fake, Twitter sued Musk in response highlighting that he was bound by the merger contract to close the deal at $54.20 per share. Saying she wanted to limit the potential harm to Twitter caused by the uncertainty of the deal, McCormick fast-tracked the case to trial last week. Causing chaos within the company, the trial also resulted in Twitter missing expectations with a revenue of $1.18 billion. Both Musk and Twitter, who were at odds over the limits of discovery, had agreed to pay each other a $1 billion breakup fee if either was responsible for the deal collapsing. Musk is also facing another lawsuit from a Tesla shareholder who sued him for unjust enrichment and the weeklong trial will begin on October 24 in Wilmington. (With inputs from agencies) Watch WION's live TV here: ×

Twitter-Elon Musk to head for trial over buyout deal collapse

<p>A court filing has revealed that Tesla CEO Elon Musk has asked a judge to postpone the five-day trial with Twitter by a week.</p>

<p>While Twitter Inc had requested October 10 to be the date marking the beginning of the trial, Musk has asked the judge to shift it to October 17 instead.</p>

<p>In order to "break the impasse to allow things to move forward promptly," Musk requested the judge to resolve his bid to walk away from his $44 billion deal to acquire the social media platform.</p>

<p>Accusing Twitter of slow-walking document production in advance of the trial to decide whether the Tesla CEO should be forced to complete the deal, Musk's attorneys said the social media giant is using the uncertainty over a trial date to delay other scheduling discussions.</p>

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<p>Asking Twitter to immediately produce what it called "core documents," Musk said the San Francisco-based company misrepresented its user numbers and therefore breached the merger agreement.</p>

<p>Recommending shareholders' to vote for the completion of the deal, Twitter has set September 13 as the date for its shareholders to vote on the company’s pending buyout by Musk.</p>

<p>It wrote a letter to its shareholders stating “We are committed to closing the merger on the price and terms agreed upon with Mr. Musk. Your vote at the special meeting is critical to our ability to complete the merger.”</p>

<p>Vowing to loosen the company’s policing of content and root out fake accounts, Musk agreed in April to buy Twitter and take it private.</p>

<p>Both Twitter and Musk had agreed to pay each other a $1 billion breakup fee if either was responsible for the deal collapsing.</p>

<p><em>(With inputs from agencies)</em></p>

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A court filing has revealed that Tesla CEO Elon Musk has asked a judge to postpone the five-day trial with Twitter by a week. While Twitter Inc had requested October 10 to be the date marking the beginning of the trial, Musk has asked the judge to shift it to October 17 instead.

A court filing has revealed that Tesla CEO Elon Musk has asked a judge to postpone the five-day trial with Twitter by a week. While Twitter Inc had requested October 10 to be the date marking the beginning of the trial, Musk has asked the judge to shift it to October 17 instead. In order to "break the impasse to allow things to move forward promptly," Musk requested the judge to resolve his bid to walk away from his $44 billion deal to acquire the social media platform. Accusing Twitter of slow-walking document production in advance of the trial to decide whether the Tesla CEO should be forced to complete the deal, Musk's attorneys said the social media giant is using the uncertainty over a trial date to delay other scheduling discussions. × Asking Twitter to immediately produce what it called "core documents," Musk said the San Francisco-based company misrepresented its user numbers and therefore breached the merger agreement. Recommending shareholders' to vote for the completion of the deal, Twitter has set September 13 as the date for its shareholders to vote on the company’s pending buyout by Musk. It wrote a letter to its shareholders stating “We are committed to closing the merger on the price and terms agreed upon with Mr. Musk. Your vote at the special meeting is critical to our ability to complete the merger.” Vowing to loosen the company’s policing of content and root out fake accounts, Musk agreed in April to buy Twitter and take it private. Both Twitter and Musk had agreed to pay each other a $1 billion breakup fee if either was responsible for the deal collapsing. (With inputs from agencies) Watch WION's live TV here: ×

Elon Musk-Twitter spat: Tesla CEO asks judge to begin trial on October 17