Elon Musk Sued By Former Twitter Executives for $128 Million

Billionaire Elon Musk is being sued by 4 former Twitter executives who allege that the multi-CEO owes them $128 million in severance on account of wrongful termination. The previous workers say they have been fired instantly after Musk accomplished his $44 billion takeover of the social media firm in October 2022.

Amongst these in search of financial compensation are former Twitter CEO Parag Agrawal, former CFO Ned Segal, former Head of Authorized, Coverage and Belief at Twitter, Vijaya Gadde, and former Twitter Common Counsel Sean Edgett.

Associated: Twitter Is Being Sued for $500 Million By Laid-Off Staff Claiming Unpaid Severances

The lawsuit was filed on Monday within the U.S. District Court docket for the Northern District of California, the place Twitter’s former HQ was once.

The doc alleges that Musk fired the executives “with out cause” as a result of he did not wish to pay their advantages and made up a “faux trigger” to get away with it, citing that Musk wrote the staff had dedicated “gross negligence” and “willful misconduct” with out proof supporting the claims.

“After Defendant Elon Musk definitively agreed to purchase Twitter, Inc. for $44 billion, the inventory market declined, and Musk tried to again out of the deal, regardless of having no authorized or contractual justification to take action. Twitter sued Musk to implement the deal, and over months of intensive litigation, every of Musk’s baseless excuses was stripped away,” the doc states. “Below Musk’s management, Twitter has turn out to be a scofflaw, stiffing workers, landlords, distributors, and others. Musk would not pay his payments, believes the foundations do not apply to him, and makes use of his wealth and energy to run roughshod over anybody who disagrees with him.”

In typical Musk trend, he cheekily responded to the allegations on X.

First, the billionaire posted a crying laughing emoji in response to a person who wrote: “Parag Agrawal is suing Elon Musk claiming that he did the truth is get quite a bit achieved that week.”

In a second response, Musk wrote “If the emoji suits” beneath a put up of Agrawal and a clown emoji.

This isn’t the primary Twitter severance lawsuit.

In July 2023, the billionaire was hit with a $500 million class motion lawsuit by former Twitter workers who claimed they weren’t paid the severance they have been promised, which was reportedly “two months of their base pay plus one week of pay for every full 12 months of service” upon being laid off.

Associated: Elon Musk Will get Into Twitter Combat With Ex-Worker

“There have been lots of people that did not appear to have loads of worth,” Musk mentioned final Might on the Wall Avenue Journal’s CEO Council Summit in London, concerning the mass layoffs and cuts instantly following his takeover of the corporate. “I believe there’s the chance for vital cuts at different firms with out affecting their productiveness, the truth is growing their productiveness.”


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