Four former Twitter executives filed a lawsuit against Elon Musk on Monday, seeking more than $128 million in unpaid severance pay.
The plaintiffs, including Para Agrawal, former X CEO Ned Segal, Vijaya Gadde and Sean Ejit, allege that their terminations were unfairly framed as gross negligence or willful misconduct. according to To The Hollywood Reporter (THR). They also claim that this was a deliberate attempt to deny them their legitimate interests, and that Mr. Musk has taken particular hostility to his success in completing the $44 billion acquisition. It is said that he is holding
Elon Musk sued for $128 million by former Twitter executives in latest lawsuit over alleged nonpayment https://t.co/EZc6NLQKjL
— The Hollywood Reporter (@THR) March 5, 2024
of lawsuit This is the latest in a series of legal problems facing Musk and the company, with at least 30 lawsuits alleging unpaid severance pay and claims. According to the paper, Musk's tenure began with a restructuring that led to the resignation of several executives and significant layoffs of employees. This led to a flurry of legal complaints from people claiming unpaid severance pay and vendors alleging non-payment for services rendered. (Related: Keith Olbermann 'quits' Twitter, posts 'Damn Elon Musk' on profile picture)
“This is Mr. Musk's strategy: to keep money owed to others and have others file lawsuits,” the complaint said. “Even if he loses, Mr. Musk can still impose delays, hassles and expenses on others who cannot afford them.”
At the heart of their argument is the claim that the reason for the resignation was a pretext, aimed at avoiding the financial responsibilities that come with leaving, the newspaper reported. The lawsuit also alludes to accusations of mismanagement and misconduct against them related to the allocation of bonuses and commissions leading up to Musk's acquisition, which they dispute as unsubstantiated. There is.
