In a filing that came just a day before the company's shareholders are set to vote, it was dismissed that Musk's claim that a severance payment given to Peiter Zatko violated the terms of his deal to acquire the social media platform was incorrect.
A photo illustration shows the social media feed of Musk.
Lawyers for the company said in a letter to Musk's attorneys that they had not violated any of their representations.
The letter said that all of Musk's conditions will be met after the shareholders vote on the merger.
The letter made no mention of Zatko or his pay, which Musk claimed was a violation of the deal.
On Friday, Musk's lawyers sent a letter requesting that the deal be terminated. In the letter, Musk's team alleged that the severance agreement was done without Musk's knowledge or consent. The billionaire said that this was in violation of his plan to take the company private. Zatko, who was the former head of security at the company, has accused the company of misleading its users, investors and regulators on the extent of its security problems. The Department of Justice, the SEC and the FTC have been notified of the complaint. After Zatko went public with his allegation, Musk's team sent out another notice accusing the company of ignoring security concerns. The notice accused the company of breaching its consent decree with the FTC. If Zatko's allegations are true, it would have significant consequences for the company.
Zatko is going to be questioned about his allegations against the social media giant at a Senate Judiciary Committee hearing. Several U.S. lawmakers have raised concerns about the possible violation of the FTC consent decree. Data protection authorities in Europe are investigating any potential breeches of the European Union's strict data protection and privacy laws.
According to Forbes, Musk is the richest person in the world.
Musk was cited by a whistle blower as saying that he was going to cancel the deal.
Peiter Zatko is going to face lawmakers next month, so you need to know what to look out for.
There are complaints in the new filing that want to cancel the deal.
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