In a letter to Twitter, Musk’s legal team cited Twitter’s ~$7M settlement with Peiter Zatko as a violation of the merger agreement and a reason to end the deal (The Verge)

Cara Lombardo / Wall Street Journal:
Sources: Twitter agreed to a ~$7M settlement with Peiter Zatko in June 2022 over lost pay; Zatko signed an NDA but he can speak to Congress or file a complaint  —  Peiter Zatko pact over lost pay didn’t prevent him from filing complaint now part of Elon Musk case

Denny Jacob / Wall Street Journal:
UBS and robo-adviser Wealthfront agree to terminate their $1.4B merger deal; UBS says it will buy a $69.7M convertible note in Wealthfront at the same valuation  —  Deal announced in January was for all-cash transaction valued at $1.4 billion  —  UBS UBS .71%▲ Group AG …

Adi Robertson / The Verge:
A judge says Twitter can proceed with a limited probe to see if whistleblower Peiter Zatko contacted Elon Musk’s lawyers before he backed out of the deal  —  The Delaware Court of Chancery says Twitter can proceed with a limited probe to figure out whether whistleblower Peiter “Mudge” …

Washington Post:
A live blog of Twitter whistleblower Peiter “Mudge” Zatko’s testimony before the Senate Judiciary Committee  —  Twitter whistleblower Peiter “Mudge” Zatko is scheduled to appear Tuesday morning before the Senate, as his allegations of widespread security vulnerabilities ignite …

Arjun Kharpal / CNBC:
Twitter rejects Elon Musk’s claim that a $7.75M severance payment to Peiter Zatko violated the acquisition deal, ahead of a shareholder vote on September 13  —  – Twitter said Monday payments to a whistleblower did not breach any of its obligations under the $44 billion acquisition proposed by Elon Musk …

Hannah Murphy / Financial Times:
Experts say Peiter Zatko’s Senate testimony on Twitter is unlikely to have a big impact on Elon Musk’s legal battle to terminate his $44B takeover deal  —  Testimony from Twitter’s former security chief to US senators on Tuesday was undoubtedly bruising for the social media company.