Former Twitter execs sue Musk and X for more than $128 million in severance
Former Twitter Executives Take Legal Action
A group of former Twitter executives, led by CEO Parag Agrawal, CFO Ned Segal, head of legal Vijaya Gadde, and General Counsel Sean Edgett, have initiated a new legal battle against Elon Musk and X Corp. The lawsuit, filed in federal court, contends that the executives are owed a staggering $128 million in unpaid severance.
Allegations of Revenge and Contractual Breaches
According to the executives’ legal team, Musk’s involvement in the acquisition of Twitter, now X Corp., for $44 billion, led to personal vendettas against them. They assert that Musk, in an attempt to recoup expenses, deliberately disregarded contractual obligations.
Accusations of Nonpayment and Disregard for Obligations
The complaint further alleges that since taking control of Twitter, Musk and X Corp. have failed to fulfill financial obligations to employees, landlords, vendors, and other parties. This assertion refers to over 25 lawsuits filed against the social media giant by various entities, including software providers and landlords, for nonpayment.
A Pattern of Behavior
The complaint paints a picture of Musk as someone who flouts rules and uses his wealth and influence to overpower dissenting voices. It cites Musk’s own statements to his biographer, Walter Isaacson, where he expressed intentions to pursue Twitter’s executives relentlessly.
Claims of Deliberate Intent
The legal team argues that Musk’s statements were not mere rhetoric but indicative of deliberate plans to deprive Twitter’s executives of their rightful severance benefits, purportedly to save $200 million.
Legal Proceedings
The lawsuit, titled Agrawal et al v. Musk et al, has been filed in California’s Northern District. It comes on the heels of failed settlement talks in a related case in Delaware, where $500 million in unpaid severance to former Twitter managers and engineers is under dispute.
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