{"id":2193181,"date":"2024-03-05T15:32:03","date_gmt":"2024-03-05T20:32:03","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ex-twitter-execs-sue-elon-musk-x-for-over-128m-citing-severance-pay\/"},"modified":"2024-03-05T15:32:03","modified_gmt":"2024-03-05T20:32:03","slug":"ex-twitter-execs-sue-elon-musk-x-for-over-128m-citing-severance-pay","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ex-twitter-execs-sue-elon-musk-x-for-over-128m-citing-severance-pay\/","title":{"rendered":"Ex-Twitter Execs Sue Elon Musk, X For Over $128M, Citing Severance Pay"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">24<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fex-twitter-execs-sue-elon-musk-x-for-over-128m-citing-severance-pay%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2193181&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><!DOCTYPE html PUBLIC \"-\/\/W3C\/\/DTD HTML 4.0 Transitional\/\/EN\" \"http:\/\/www.w3.org\/TR\/REC-html40\/loose.dtd\"><br \/>\n<?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><?xml encoding=\"utf-8\" ?><html><body><\/p>\n<div class=\"entry-content\">\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">(L-Top) Ned Segal, director of Beyond Meat and chief financial officer of Twitter. (Photo by Drew Angerer\/Getty Images) \/ (L-Bottom) Parag Agrawal, CEO of Twitter. (Photo by Kevin Dietsch\/Getty Images) \/ (R) SpaceX, X (formerly known as Twitter), and Tesla CEO Elon Musk speaks during live interview. (Photo by Omar Marques\/Getty Images)<\/figcaption><\/figure>\n<p>OAN\u2019s\u00a0<a href=\"https:\/\/www.oann.com\/tag\/brooke-mallory\">Brooke Mallory<\/a><br \/>12:17 PM \u2013 Tuesday, March 5, 2024<\/p>\n<p>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. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-3\" style=\"min-width: 320px; min-height: 50px; text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-3'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>The executives claimed that they were still owed $128 million in unpaid severance.<\/p>\n<p>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 \u201crepeatedly refusing to honor other clear contractual commitments\u201d after he \u201cforced himself into a deal\u201d to purchase Twitter, now known as X, for $44 billion.<\/p>\n<p>The lawyers also claim that since taking over Twitter, Musk and X Corp. have been \u201cstiffing employees, landlords, vendors, and others,\u201d 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.<\/p>\n<blockquote class=\"wp-block-quote\">\n<p>\u201cMusk doesn\u2019t pay his bills, believes the rules don\u2019t apply to him, and uses his wealth and power to run roughshod over anyone who disagrees with him,\u201d the complaint says.<\/p>\n<p>\u201cThese 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\u2019s executives out of their severance benefits in order to save himself $200 million,\u201d the former-Twitter exec\u2019s attorneys continued.<\/p>\n<\/blockquote>\n<p>The lawsuit, <em>Agrawal et al. v. Musk et al.<\/em>, 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 <em>Woodfield v. Twitter Inc.<\/em>, a related Delaware case involving the disputed $500 million in unpaid severance benefits to former Twitter managers and engineers.<\/p>\n<p>Stay informed! Receive breaking news blasts directly to your inbox for free. Subscribe here.\u00a0<a href=\"https:\/\/www.oann.com\/alerts\">https:\/\/www.oann.com\/alerts<\/a><\/p>\n<\/p>\n<div id=\"rc-widget-10bad2\" data-rc-widget data-widget-host=\"habitat\" data-endpoint=\"\/\/trends.revcontent.com\" data-widget-id=\"278641\"><\/div>\n<p class=\"dpsp-share-text\" style=\"margin-bottom:10px\"> \t\tShare this post!\t<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Congressman Adam Schiff and former MLB Star\u00a0Steve Garvey are gearing up for a November face-off in a closer-than-expected race for California senate.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Ryan Helfenbein<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Pat Harrigan<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Michelle Klann<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Bitcoin hit a record high, fueled by investors pouring money into U.S. spot exchange-traded crypto products.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>SpaceX will appear before a U.S. labor board judge to face claims that it fired engineers for criticizing CEO Elon Musk.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Apple\u00a0is betting that the more powerful models would attract consumers looking to upgrade to AI-powered PCs.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Elon Musk alleges a breach of contract and a departure from the original mission to develop AI for humanity\u2019s benefit.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>(L-Top) Ned Segal, director of Beyond Meat and chief financial officer of Twitter. (Photo by Drew Angerer\/Getty Images) \/ (L-Bottom) Parag Agrawal, CEO of Twitter. (Photo by Kevin Dietsch\/Getty Images) \/ (R) SpaceX, X (formerly known as Twitter), and Tesla CEO Elon Musk speaks during live interview. (Photo by Omar Marques\/Getty Images) OAN\u2019s\u00a0Brooke Mallory 12:17<\/p>\n","protected":false},"author":1866,"featured_media":2193182,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/c3.oann.com\/wp-content\/uploads\/2024\/03\/FOR-WEBSITE-ARTICLES-8.webp","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-2193181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/c3.oann.com\/wp-content\/uploads\/2024\/03\/FOR-WEBSITE-ARTICLES-8.webp","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2193181","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1866"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2193181"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2193181\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2193182"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2193181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2193181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2193181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}