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Elon Musk Sued By Former Twitter Executives for $128 Million

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Billionaire Elon Musk is being sued by four former Twitter executives who allege that the multi-CEO owes them $128 million in severance on account of wrongful termination. The former workforce say they were fired quickly soon after Musk finished his $44 billion takeover of the social media firm in October 2022.

Among these looking for financial payment are previous Twitter CEO Parag Agrawal, former CFO Ned Segal, former Head of Lawful, Plan and Trust at Twitter, Vijaya Gadde, and previous Twitter Normal Counsel Sean Edgett.

Relevant: Twitter Is Remaining Sued for $500 Million By Laid-Off Employees Proclaiming Unpaid Severances

The lawsuit was filed on Monday in the U.S. District Courtroom for the Northern District of California, where Twitter’s previous HQ utilized to be.

The doc alleges that Musk fired the executives “with out cause” because he did not want to fork out their rewards and created up a “phony trigger” to get absent with it, citing that Musk wrote the staff members experienced dedicated “gross negligence” and “willful misconduct” with no proof supporting the promises.

“Soon after Defendant Elon Musk definitively agreed to get Twitter, Inc. for $44 billion, the inventory marketplace declined, and Musk tried using to back again out of the offer, in spite of owning no legal or contractual justification to do so. Twitter sued Musk to implement the deal, and more than months of intensive litigation, every single of Musk’s baseless excuses was stripped away,” the document states. “Less than Musk’s handle, Twitter has come to be a scofflaw, stiffing staff, landlords, vendors, and other folks. Musk would not pay back his payments, believes the principles you should not implement to him, and takes advantage of his wealth and energy to operate roughshod over any person who disagrees with him.”

In usual Musk manner, he cheekily responded to the allegations on X.

Very first, the billionaire posted a crying laughing emoji in reaction to a person who wrote: “Parag Agrawal is suing Elon Musk boasting that he did in reality get a good deal accomplished that 7 days.”

In a 2nd response, Musk wrote “If the emoji matches” beneath a submit of Agrawal and a clown emoji.

This is not the initial Twitter severance lawsuit.

In July 2023, the billionaire was strike with a $500 million class action lawsuit by previous Twitter employees who claimed they have been not paid out the severance they have been promised, which was reportedly “two months of their foundation fork out in addition one week of pay out for each and every total yr of assistance” upon becoming laid off.

Associated: Elon Musk Gets Into Twitter Fight With Ex-Staff

“There were a good deal of men and women that didn’t feel to have a lot of benefit,” Musk reported last May well at the Wall Avenue Journal’s CEO Council Summit in London, pertaining to the mass layoffs and cuts immediately subsequent his takeover of the corporation. “I think there is the risk for significant cuts at other providers devoid of impacting their productiveness, in actuality escalating their productivity.”



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