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4 former prime Twitter executives, together with former CEO Parag Agrawal, have sued Elon Musk for greater than $128 million in mixed unpaid severance, based on a lawsuit filed in San Francisco on Monday.
It’s the most recent in a sequence of authorized challenges the billionaire faces after he acquired the social media firm for $44 billion in October 2022 and later renamed it X.
The opposite plaintiffs are Ned Segal, Twitter’s former CFO; Vijaya Gadde, its former chief authorized officer; and Sean Edgett, its former common counsel.
Mere minutes after Musk took management of Twitter, the previous executives say they have been fired and that Musk falsely accused them of misconduct, forcing them out after they sued the billionaire for making an attempt to renege on his provide to buy the corporate.
Musk then denied the executives severance pay that they had been promised for years earlier than he acquired the platform, based on the lawsuit. The plaintiffs say they every are owed one 12 months’s wage and tons of of hundreds of inventory choices.
“That is the Musk playbook: to maintain the cash he owes different folks, and power them to sue him,” the previous executives stated within the 39-page lawsuit.
X is already going through a pair of proposed class actions claiming it owes rank-and-file staff who have been laid off after Musk’s acquisition at the least $500 million in severance, and a 3rd lawsuit by six former senior managers making related claims. X has denied wrongdoing.
The corporate has additionally been sued beforehand for failing to pay its former public relations agency, landlords, distributors, and consultants.
X didn’t reply to a Reuters request for remark.
—By Sourasis Bose, Sheila Dang, and Daniel Wiessner, Reuters
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