Elon Musk sued for $128 million by former Twitter executives

Former Twitter executives have filed a federal lawsuit against Elon Musk, where they collectively ask for $128 million over unpaid severance.

1 minute & 46 seconds read time

Four former Twitter executives have filed a lawsuit against X owner Elon Musk, claiming they haven't received the appropriate severance package following their departure from the company.

Elon Musk sued for $128 million by former Twitter executives 655156

The four former Twitter executives are former CEO Parag Agrawal, former CFO Ned Segal, former chief legal officer Vijaya Gadde, and former general counsel Sean Edgett, who were all fired following Musk's takeover of the company in late 2022. The Wall Street Journal has reported Musk says he fired the former C-Suite executives with cause, meaning he doesn't have to pay them any severance.

But the recent lawsuit states that Musk fast-tracked the acquisition of Twitter (now X) precisely to fire Agrawal and other C-Suite executives so there would be cause and so they couldn't cash their lucrative stock options, hence the now $128 million suit. This isn't the only lawsuit Musk has faced over severance packages as six former senior managers at Twitter are also suing the company over severance pay, while Agrawal, Segal, and Gadde filed for a $1 million lawsuit against X, claiming the company owed them for legal fees related to their separation at the company.

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NEWS SOURCE:businessinsider.com

Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest science, space, and artificial intelligence news. Jak's love for science, space, and technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

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