Former Twitter executives filed a $128 million lawsuit against Elon Musk and X

claims, Musk’un It is based on the chaotic circumstances surrounding his October 2022 takeover of the company.

Musk When he took control of the company, his first move was to appoint Agrawal, CFO Ned Segal, chief legal officer
Vijaya Gadde’yi and firing general counsel Sean Edgett. According to the case Musk, He had “particular anger” towards the group for their role in the months-long court battle that forced them to go ahead with the purchase after trying to back out of the deal. According to the lawsuit, Agrawal is entitled to severance pay of $57.4 million, Segal is entitled to $44.5 million, Gadde is entitled to $20 million and Edgett is entitled to $6.8 million, for a total of $128 million.

Case, Musk’s biographer Walter Isaacson refers to his account of events; this expression, Musk’s Twitter He explains that he was rushing to close his deal a day early so he could fire executives “for some reason” just before final stock options were set. According to Isaacson, Musk boasted that the legal maneuver earned him about $200 million.

Former Twitter executives filed a $128 million lawsuit against Elon Musk and X

The lawsuit states: “Musk he doesn’t pay his bills, believes the rules don’t apply to him, and uses his wealth and power to be rude to anyone who disagrees with him. “He withheld severance payments from the plaintiffs, fired them without cause, then fabricated false lawsuits and appointed employees of his various companies to support his decision.”

This is old Twitter This is not the first time they have sued the company for not paying their employees’ severance pay. In a separate case of Twitter It was claimed that he owed more than $500 million in unpaid severance pay to his former employees. Agrawal, Segal and Gadde also previously sued the company over unpaid legal bills resulting from shareholder lawsuits and other investigations stemming from Musk’s acquisition.