US EditionMusk’s X settles ex-Twitter executives’ $128 million severance pay lawsuit
Elon Musk and X Corp settled a $128 million severance lawsuit with four former Twitter executives who claimed unpaid promised compensation after mass layoffs.
- On July 23, 2023, Elon Musk and X Corp reached a settlement with four former Twitter executives who claim they were not paid $128 million in promised severance, first disclosed last week in San Francisco federal court.
- Facing those actions, the four executives — Parag Agrawal, Ned Segal, Vijaya Gadde, and Sean Edgett — say Musk falsely accused them of misconduct and forced them out after they sued over the purchase.
- The lawsuit alleges Musk denied severance pay promised for years, and the plaintiffs say each is owed one year's salary plus hundreds of thousands of dollars in stock options.
- A federal judge on October 1 pushed back filing deadlines and a hearing so the settlement can be finalized.
- In the wider context of legal fights, Musk and X deny wrongdoing, saying executives were fired for performance while X settled a $500 million claim by rank-and-file Twitter employees.
55 Articles
55 Articles
Elon Musk's X is settling a lawsuit with former Twitter executives over $128 million in unpaid severance pay. The executives claim that Musk falsely accused them of misconduct and fired them after he acquired the company, The Guardian reports.
Elon Musk, Ex-Twitter CEO Parag Agrawal Settle $128 Million Severance Case
Elon Musk and the company formerly known as Twitter have agreed to resolve a $128 million lawsuit filed last year by former Chief Executive Officer Parag Agrawal and three other top officials who said they were denied severance payments.
Elon Musk settles $128 million severance pay lawsuit with ex-CEO Parag Agrawal, other top executives
The former top executives who filed a lawsuit against Elon Musk are: Parag Agrawal; Ned Segal, Twitter's former chief financial officer; Vijaya Gadde, its former chief legal officer; and Sean Edgett, its former general counsel.
Elon Musk's X Settles With Parag Agrawal, Ex-Twitter Executives Over $128 Million Severance Lawsuit
Elon Musk's X Corp has settled with four former top Twitter executives, including ex-CEO Parag Agrawal, ending a high-profile lawsuit over $128 million in unpaid severance following Musk's 2022 takeover of the social media platform. Musk, X Corp Settle $128 Million Severance Dispute According to a filing in San Francisco federal court last week, Musk and X Corp reached an undisclosed settlement with Agrawal, former Chief Financial Officer Ned Se…
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