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.