Former Twitter Executives Sue Elon Musk
Four former top executives of Twitter, including former CEO Parag Agrawal, filed a lawsuit on Monday against the American billionaire Elon Musk to obtain end-of-service bonuses exceeding $128 million.
The lawsuit, filed in federal court in San Francisco, is the latest legal challenge facing Musk after he took over the social media company for $44 billion in October 2022 and later renamed it “X.”
The other plaintiffs are Ned Segal, Twitter’s former chief financial officer, Vijaya Gadde, its former chief legal officer, and Sean Edgett, its former general counsel.
According to Reuters, the former executives claim that Musk fired them within minutes of taking control of Twitter, accusing them falsely of misconduct and forcing them out of the company after they filed a lawsuit against him for trying to back out of his offer to buy the company.
Afterwards, Musk refused to pay severance to the executives that they had been promised for years before he took over Twitter, according to the lawsuit. The plaintiffs argue that they deserve a year’s salary and hundreds of thousands of stock options.
The former executives stated in the 39-page lawsuit, “This is Musk‘s modus operandi, keeping the money he owes to others and forcing them to sue him.”
X is already facing two class-action lawsuits alleging that it owes at least $500 million in severance to ordinary employees who were laid off after Musk‘s takeover, and a third lawsuit filed by six former top managers seeking similar compensation. X has denied any wrongdoing.
