Twitter says it plans to pursue legal action to enforce the agreement.
The letter also said that Twitter “appears to have made false and misleading representations.”
“We are confident we will prevail in the Delaware Court of Chancery.”
Ringler didn’t immediately respond to a request for comment.
The board tepidly accepted Musk’s offer after he cobbled together highly leveraged financing for the deal.
Under the US Constitution’s First Amendment, free speech refers to protection from government interference.
Itdoesn’t apply to companies such as Twitter.
“What company wants to be owned by someone who does not want it?”
“I personally never believed Musk had a concrete and viable plan to reinvigorate Twitter and its revenue.”
Twitter has struggled to compete for ad dollars and users with larger social networks such as Facebook and TikTok.
The company’s calculation of daily users who can see ads hasn’t always been accurate, either.
Musk’s disclosure of his stake in Twitter was filed late and on the wrong form.
The SEC struck a deal with Musk and Tesla that required fines of $20 million each.
In April,a federal judge deniedMusk’s request to have the oversight lifted.
Investors never wholly believed Musk would buy Twitter.
(The price includes the number 420, slang for marijuana and a running Musk gag.
A Twitter spokeswoman declined to comment further.
CNET’s Ian Sherr contributed to this report.
