Tesla and SpaceX's CEO Elon Musk speaks during an interview with Ben Shapiro at the European Jewish Association's conference, in Krakow, Poland, Monday, Jan. 22, 2024. Photo: Czarek Sokolowski/AP, File Elon Musk Faces Suit Over Severance Pay From Former Twitter Legal Chief, General Counsel and Other Executives
"Because Musk decided he didn't want to pay plaintiffs' severance benefits, he simply fired them without reason, then made up fake cause and appointed employees of his various companies to uphold his decision," says a complaint filed Monday by Twitter's former Chief Executive Officer Parag Agrawal, Chief Financial Officer Ned Segal, Chief Legal Officer Vijaya Gadde, and General Counsel Sean Edgett.
March 04, 2024 at 06:27 PM
4 minute read
Commercial Litigation
The original version of this story was published on The Recorder
Four of the most senior members of Twitter's past C-suite are suing Elon Musk for more than $128.6 million, claiming the new owner of the social media giant schemed to bilk them out of their contractual severance to save $200 million after buying the site back in 2022. "Because Musk decided he didn't want to pay plaintiffs' severance benefits, he simply fired them without reason, then made up fake cause and appointed employees of his various companies to uphold his decision," their complaint said.
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