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Elon Musk Faces Lawsuit from Ex-Twitter Execs Over Alleged $128m Unpaid Severance

Elon Musk Faces Lawsuit from Ex-Twitter Execs
Elon Musk Faces Lawsuit from Ex-Twitter Execs

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Elon Musk Faces Lawsuit from Ex-Twitter Execs 

Elon Musk is facing a lawsuit from four former Twitter executives, including former CEO Parag Agrawal, who claim he owes them over $128 million in unpaid severance. The executives allege that Musk fired them without cause after taking over Twitter, now known as X, and then fabricated reasons to avoid paying severance. The lawsuit asserts that Musk’s actions are part of a larger pattern of not paying former staff what they are owed. The executives, including Agrawal, Ned Segal, Vijaya Gadde, and Sean Edgett, argue that they are entitled to one year’s salary and stock awards under a severance plan.

The lawsuit claims that Musk purchased Twitter for $44 billion in 2022 and attempted to back out of the acquisition but proceeded under the threat of a lawsuit. Shortly after the deal closed, Musk fired key leaders, including the four executives. The reasons given for their termination included allegations of “gross negligence and willful misconduct.” The executives contend that Musk was displeased about completing the purchase and has been attempting to avoid paying the owed millions, dismissing the severance plans.

While X has stated that staff were paid in full, the lawsuit accuses Musk of turning the company into one that disregards the law and fails to meet its financial obligations. The executives portray Musk as someone who avoids paying debts and mistreats employees. Last year, a former human resources officer at Twitter filed a class-action lawsuit alleging the company failed to pay around $500 million in owed severance pay to former staff. The lawsuit against Musk and X seeks to highlight a broader pattern of non-payment of benefits and compensation to former Twitter employees.

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