Photo: AdobeStock In Unredacted Filing, Former Twitter CLO Alleges Musk Bullied Board Ahead of Sale
A newly unredacted copy of a complaint against Musk claims his attorney Alex Spiro threatened Twitter's board on Musk's behalf "stating that Musk would pursue the directors until the end of time and would put into his will that his heirs should do the same if the board did not agree to reduce the deal price" for Twitter.
June 07, 2024 at 06:14 PM
6 minute read
What You Need to Know
- A federal judge recently ordered the unsealing of previously redacted portions of a lawsuit filed in March by four former Twitter executives who claim Elon Musk bilked them out of severance.
- The unredacted complaint alleges that Musk, who wanted to back out of the deal, used his lawyers to intimidate the board into lowering the price for Twitter.
- Musk also allegedly wanted to fire every Twitter in-house lawyer who worked to enforce the deal.
Incensed that he couldn't back out of his agreement to buy Twitter, Elon Musk allegedly sought to fire every in-house lawyer who worked on the lawsuit to force him to close the deal and tried to intimidate the board of directors into lowering the purchase price, according to a newly unredacted complaint filed by lawyers representing its former legal chief, general counsel, CEO and CFO in a severance dispute.
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