Elon Musk sued by former Twitter CEO over refusal to pay $57M severance
Enlarge (credit: Getty Images | Dan Kitwood )
Elon Musk and X Corp. were sued yesterday by four former Twitter executives who say they were cheated out of more than $128 million in severance when Musk bought the social network and fired them.
Former Twitter CEO Parag Agrawal, former CFO Ned Segal, former Chief Legal Officer Vijaya Gadde, and former General Counsel Sean Edgett filed the lawsuit in US District Court for the Northern District of California. They say they are owed one year's salary, stock awards, and health insurance premiums.
"If anyone around Musk had been willing to tell him the truth, he would have learned that his scheme to deny Plaintiffs their contractual severance payments was a pointless effort that would not withstand legal scrutiny," the lawsuit said.