Elon Musk And Former Twitter Execs Agree To Settle $128 Million Lawsuit

Over a twelvemonth aft erstwhile Twitter executives sued Elon Musk for astir $128 cardinal successful unpaid severance benefits, some parties person agreed to settee for an undisclosed amount. The colony is limited connected "certain conditions" being met successful nan adjacent term, according to a caller filing successful nan Northern District Court of California, but will postpone existing deadlines successful nan lawsuit truthful Musk tin fulfill his obligations.

Former Twitter CEO Parag Agrawal, CFO Ned Segal, main ineligible serviceman Vijaya Gadde and wide counsel Sean Edgett primitively sued Musk for millions of dollars of unpaid severance benefits successful 2024. The justification for their suit was made clear successful Walter Isaacson's account of nan Twitter acquisition: Musk closed nan $44 cardinal woody early and fired nan executives successful an effort to debar paying retired their severance and vested banal options. The executives people sued, and now look to beryllium receiving immoderate magnitude of what they're owed.

The full suit apt wouldn't person happened if Musk hadn't primitively tried to backmost out of his acquisition of Twitter, which nan institution later forced to hap done an extended ineligible battle. The early days of Musk's ownership of nan societal web were characterized by drastic costs redeeming measures arsenic a result, including mass layoffs and nan determination to just not salary rent for immoderate of nan company's offices.

Finally settling this suit closes nan book connected that original Twitter saga, pinch a dismissal of nan suit nan only existent missing milestone. If for immoderate logic Musk and X are not capable to meet nan position of nan settlement, nan lawsuit will proceed connected October 31.