OAN’s Brooke Mallory
12:17pm – Tuesday, March 5, 2024
A group of former Twitter executives, including CEO Parag Agrawal, Chief Financial Officer Ned Segal, General Counsel Vijaya Gadde, and General Counsel Sean Ejit, has filed a new lawsuit against Elon Musk and Company X. filed a complaint in federal court.
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Executives claimed they still owed $128 million in unpaid severance payments.
Lawyers for the former Twitter executives say in the complaint that Musk targeted them, “forced” them to enter into acquisitions and “repeatedly refused to honor other specific contractual commitments.” He claimed that he was trying to recoup some of his costs by doing so. Twitter, now known as X, will be acquired for $44 billion.
Lawyers also argue that since acquiring Twitter, Musk and Company X have “oppressed employees, landlords, vendors, and others,” adding to 25 lawsuits filed by companies including Twitter against social media companies. I mentioned the vendor non-payment lawsuit above. Not only as a software and service provider, but also as a landlord.
“Musk doesn’t pay his bills, believes the rules don’t apply to him, and uses his wealth and power to engage in violent acts against those who disagree with him,” the complaint says. be.
“These statements were not just the rants of a self-centered billionaire surrounded by enablers who don’t want to face the legal consequences of their choices.” Mr. Musk told Mr. Isaacson that 2 “He specifically bragged about his plan to defraud Twitter executives of their retirement benefits in order to save them billions of dollars,” the lawyer for the former Twitter executive continued.
The lawsuit is Agrawal et al. v. Mask et al.was filed in the Northern District of California in response to reports that settlement negotiations between Company X and a former Twitter executive collapsed in 2016. Woodfield v. Twitter, Inc.a related lawsuit in Delaware challenging a former Twitter manager and engineer for $500 million in unpaid severance pay.
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