Categories: Technology

Elon Musk to settle $128 million lawsuit with former Twitter executives

Elon Musk will settle a $128 million lawsuit with four Twitter executives he fired after taking over the company in 2022.

One of Musk’s first moves when purchasing Twitter was to fire CEO Parag Agrawal, CFO Ned Segal, and top lawyers Sean Edgett and Vijaya Gadde. The four executives never received severance packages, which they say is because they tried to force Musk to honor his $44 billion commitment when he tried to walk away from buying the company. The lawsuit even cites Walter Isaacson’s biography of Musk, which quotes him saying he would “hunt down every single one” of Twitter’s top executives “until the day they die.”

Although a court filing confirms that the parties have reached a settlement, the terms of that settlement are not yet clear.

It’s not just these executives who have sued Musk for severance pay. Musk recently settled a class-action lawsuit involving 6,000 fired Twitter employees. Many of these former Twitter employees have complained about receiving incomplete severance packages or not receiving severance packages at all.

Source link

James Walker

James Walker – Technology Correspondent Writes about AI, Apple, Google, and emerging innovations.

Recent Posts

Former Penn State star Julian Fleming charged with homicide after ATV accident

Former Ohio State and Penn State wide receiver Julian Fleming is facing multiple criminal charges — including homicide — in…

5 minutes ago

Here’s what people are saying

After Monster: The Ed Gein Story debuted on Netflix on Friday, it quickly rose to second place on the streaming…

7 minutes ago

Chinese robotic dogs are now training to explore the Moon’s hidden lava tubes (and find sites for future bases)

IN A WORD 🌕 Chinese researchers are developing robotic dogs explore the Moon lava tubes for potential lunar bases. 🤖…

9 minutes ago

Trump hails peace plan between Israel and Hamas: a “great day”

President Donald Trump hailed a peace plan, of which Israel and Hamas have "both signed the first phase," and stressed…

11 minutes ago

Thursday October 9, Nikkei 225, ASX

Asia-Pacific markets are expected to open higher on Thursday, tracking gains on Wall Street as investors shrug off fears of…

12 minutes ago

INDIA bloc against EC: Claims and counterclaims are numerous as fight intensifies over ‘vote theft’ and Bihar SIR

The ongoing battle between the Congress party and the Election Commission (EC) over allegations of 'vote chori' has turned bitter.…

13 minutes ago