Former Twitter execs sue Musk and X for more than $128 million in severance


Jonathan Raa | Nurphoto | Getty Images

Former Twitter executives including CEO Parag Agrawal, CFO Ned Segal, Head of Legal, Vijaya Gadde, and General Counsel Sean Edgett filed a new lawsuit against Elon Musk and X Corp. in a federal court arguing that they are owed $128 million in unpaid severance.

In their complaint, lawyers for the ex-Twitter executives say that after Musk backed himself into a deal to buy Twitter, now X Corp., for $44 billion, he took revenge against these execs personally, and tried to recover some of his expenses by “repeatedly refusing to honor other clear contractual commitments.”

Musk and X Corp. have been “stiffing employees, landlords, vendors, and others” since they took over Twitter, the lawyers allege, an allusion to more than 25 vendor non-payment lawsuits filed against the social media business by companies including software and service providers and a landlord.

“Musk doesn’t pay his bills, believes the rules don’t apply to him, and uses his wealth and power to run roughshod over anyone who disagrees with him,” the complaint says.

The complaint also alludes to comments Musk made to his official biographer, Walter Isaacson, that “he would ‘hunt every single one of’ Twitter’s executives and directors ’till the day they die.'” The ex-Twitter execs’ lawyers argue, “These statements were not the mere rantings of a self-centered billionaire surrounded by enablers unwilling to confront him with the legal consequences of his own choices. Musk bragged to Isaacson specifically how he planned to cheat Twitter’s executives out of their severance benefits in order to save himself $200 million.”

The suit, Agrawal et al v. Musk et al, was filed in California’s Northern District and follows news that settlement talks between X Corp. and ex-Twitter managers broke down in a related case in Delaware, Woodfield v. Twitter Inc., where $500 million in unpaid severance to former Twitter managers and engineers is in dispute.

Representatives for X Corp., and Elon Musk did not immediately respond to a request for comment.

Read the full complaint below:

Articles You May Like

Hyundai finds new materials partner to improve EV battery and motor performance
Shares of critical chip firm ASML drop 5% as sales miss expectations with 22% fall
The female gamers competing for thousands of pounds at first event of its kind in UK
Ministers kick off search for new football referee
ZEEKR unveils deluxe version of its MPV with marble and curtain glass called the 009 Grand