San Francisco, California – A lawsuit involving former Twitter executives and Elon Musk of X Corp has been filed in federal court in northern California. The complaint, totaling $128 million, was brought forward by ex-CEO Parag Agrawal, ex-CFO Ned Segal, former CLO Vijaya Gadde, and ex-General Counsel Sean Edgett, demanding the money they believe is owed to them in severance and benefits.
Allegations in the complaint suggest that Musk fired the executives without reason, refused to pay their severance benefits, and fabricated causes for their termination. The lawsuit also highlights a pattern of legal actions faced by Musk from various vendors, service providers, and former employees since his acquisition of Twitter for $44 billion in 2022.
Furthermore, the complaint draws attention to Musk’s alleged tactics of withholding payments owed to individuals, forcing them to take legal action to recover what is rightfully theirs. The executives’ legal representation aims to use Musk’s own statements against him, quoting instances where he expressed intentions to cheat former Twitter executives out of their severance benefits.
The lawsuit emphasizes clauses in the executives’ contracts that guaranteed full payouts in the event of specific circumstances, such as Twitter no longer being a publicly traded entity. These clauses were allegedly disregarded when Musk and his team terminated the executives, denying them the financial compensation they were entitled to.
As Musk remained silent on the lawsuit, representatives for X Corp did not comment on the legal proceedings initiated by the former Twitter executives. The response from Musk and X Corp regarding the complaint is awaited, and any updates will be provided as the situation unfolds.