Former Twitter executives are suing Musk and X for over $128 million in severance

A group of ex-Twitter executives, comprising CEO Parag Agrawal, CFO Ned Segal, Head of Legal Vijaya Gadde, and General Counsel Sean Edgett, have filed a lawsuit in federal court against Elon Musk and X Corp., contending that they are entitled to $128 million in overdue severance payments.

Lawyers representing former Twitter executives assert in their complaint that following Elon Musk’s involvement in a deal to purchase Twitter, now X Corp., for $44 billion, Musk engaged in retaliatory actions against these executives personally. They claim Musk attempted to recoup expenses by repeatedly disregarding clear contractual obligations.

According to the lawyers, Musk and X Corp. have neglected to fulfill financial obligations to employees, landlords, vendors, and others since assuming control of Twitter. This assertion is supported by over 25 lawsuits from vendors alleging non-payment against the social media platform, including software and service providers, as well as a landlord.

The complaint further references remarks made by Musk to his official biographer, Walter Isaacson, wherein Musk allegedly expressed intentions to pursue Twitter’s executives and directors indefinitely. The lawyers argue that Musk boasted to Isaacson about evading severance benefits owed to Twitter’s executives to save himself $200 million.

The lawsuit, known as Agrawal et al v. Musk et al, was filed in California’s Northern District. It follows reports that settlement discussions between X Corp. and former Twitter managers collapsed in a related case, Woodfield v. Twitter Inc., centered on $500 million in disputed unpaid severance to former Twitter managers and engineers.

Representatives for X Corp. and Elon Musk have not promptly responded to requests for comment.

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