Twitter Executives Sue Elon Musk for $128 Million Severance

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Source: CNBC
Twitter Executives Sue Elon Musk for $128 Million Severance
Photo: CNBC
TL;DR Summary

Former Twitter executives, including CEO Parag Agrawal and CFO Ned Segal, have filed a lawsuit against Elon Musk and X Corp, claiming they are owed $128 million in unpaid severance following X Corp's acquisition of Twitter. The lawsuit alleges that Musk has repeatedly refused to honor contractual commitments and has been "stiffing employees, landlords, vendors, and others" since taking over Twitter. The complaint also references Musk's comments about cheating Twitter's executives out of their severance benefits. The lawsuit was filed in California's Northern District after settlement talks broke down in a related case in Delaware.

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