Ex-Twitter Execs Sue Elon Musk, X For Over $128M, Citing Severance Pay
OAN’s Brooke Mallory
12:17 PM – Tuesday, March 5, 2024
A new complaint was filed in federal court against Elon Musk and the X Corp. by a group of former Twitter executives, including CEO Parag Agrawal, CFO Ned Segal, head of legal Vijaya Gadde, and general counsel Sean Edgett.
The executives claimed that they were still owed $128 million in unpaid severance.
The lawyers for the former Twitter executives went on to say in their complaint that Musk allegedly targeted these executives and attempted to recoup some of his costs by “repeatedly refusing to honor other clear contractual commitments” after he “forced himself into a deal” to purchase Twitter, now known as X, for $44 billion.
The lawyers also claim that since taking over Twitter, Musk and X Corp. have been “stiffing employees, landlords, vendors, and others,” referring to the more than 25 vendor nonpayment cases that have been brought against the social media company by businesses such as software and service providers, as well as a landlord.
“Musk doesn’t pay his bills, believes the rules don’t apply to him, and uses his wealth and power to run roughshod over anyone who disagrees with him,” the complaint says.
“These statements were not the mere rantings of a self-centered billionaire surrounded by enablers unwilling to confront him with the legal consequences of his own choices. Musk bragged to Isaacson specifically how he planned to cheat Twitter’s executives out of their severance benefits in order to save himself $200 million,” the former-Twitter exec’s attorneys continued.
The lawsuit, Agrawal et al. v. Musk et al., was filed in the Northern District of California in response to reports that settlement negotiations between X Corp. and former Twitter managers had broken down in Woodfield v. Twitter Inc., a related Delaware case involving the disputed $500 million in unpaid severance benefits to former Twitter managers and engineers.
Stay informed! Receive breaking news blasts directly to your inbox for free. Subscribe here. https://www.oann.com/alerts
Congressman Adam Schiff and former MLB Star Steve Garvey are gearing up for a November face-off in a closer-than-expected race for California senate.
with Ryan Helfenbein
with Pat Harrigan
with Michelle Klann
Bitcoin hit a record high, fueled by investors pouring money into U.S. spot exchange-traded crypto products.
SpaceX will appear before a U.S. labor board judge to face claims that it fired engineers for criticizing CEO Elon Musk.
Apple is betting that the more powerful models would attract consumers looking to upgrade to AI-powered PCs.
Elon Musk alleges a breach of contract and a departure from the original mission to develop AI for humanity’s benefit.
" Conservative News Daily does not always share or support the views and opinions expressed here; they are just those of the writer."
