4 former Twitter executives, together with former CEO Parag Agrawal, have sued Elon Musk for over $128 million in mixed unpaid severance, in accordance with a lawsuit filed on Monday.
The lawsuit, filed in federal court docket in San Francisco, is the newest 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 chief monetary officer; Vijaya Gadde, its former chief authorized officer; and Sean Edgett, its former basic counsel.
Merely minutes after Musk took management of Twitter, the previous executives say they had been fired and that Musk falsely accused them of misconduct and compelled them out of Twitter after they sued the billionaire for trying to renege on his provide to buy the corporate.
Musk then denied the executives’ severance pay they’d been promised for years earlier than he acquired Twitter, in accordance with the lawsuit.
The plaintiffs say they every are owed one 12 months’s wage and a whole lot of 1000’s 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 mentioned within the 39-page lawsuit.
X is already going through a pair of proposed class actions claiming it owes rank-and-file staff who had been laid off after Musk’s acquisition not less than $500 million in severance, and a 3rd lawsuit by six former senior managers making comparable 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.
