A group of former Twitter executives, including former CEO Parag Agrawal, file a lawsuit Elon Musk and X have millions of dollars in unpaid severance pay. The allegations date back to the turbulent circumstances surrounding Musk's acquisition of the company in October 2022.
When Musk took control of the company, his Agrawal, CFO Ned Segal, chief legal officer Vijaya Gadde and general counsel Sean Ejit were to be fired. The complaint said Musk had „particular anger“ at the group because of its role in the months-long legal battle that forced Musk to push through with the deal after he tried to pull out of the deal. It is said that he was holding a According to the complaint, Agrawal is entitled to $57.4 million in severance pay, Segal $44.5 million, Gadde $20 million and Ejit $6.8 million, for a total of about $128 million. There is.
The lawsuit cites a book by Musk's biographer, Walter Isaacson. The account of events said Musk rushed to end his contract with Twitter a day early so he could fire executives „for cause“ just before the final stock options vested. There is. Isaacson said he boasted that Musk saved him about $200 million through his legal maneuvering.
„Musk doesn't pay his bills, believes the rules don't apply to him, and uses his wealth and power to engage in violent acts against those who disagree with him.“ lawsuit „Mr. Musk decided that he did not want to pay Plaintiffs severance pay, so he fired them without cause, fabricated false reasons, and appointed employees from various companies to support his decision.“ Says.
X did not respond to requests for comment on the lawsuit. Notably, this isn't the first time a former Twitter employee has sued the company for failing to pay severance pay. A separate lawsuit claims Twitter owes a former employee more than 20 million yen. with unpaid severance pay.Agrawal, Segal, and Gadde too. The company is fighting unpaid legal fees resulting from shareholder lawsuits and other investigations stemming from Musk's acquisition.