Musk’s X settles former Twitter executives’ $128 million severance pay lawsuit

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Elon Musk and X Corp have reached a settlement in a lawsuit by four former top executives at Twitter, including former CEO Parag Agrawal, who claim they were not paid $128 million in promised severance pay after Musk acquired the social media company and fired them.

The terms of the settlement, which was first announced in a filing in San Francisco federal court last week, were not disclosed. A federal judge on October 1 pushed back filing deadlines and a hearing in the case so the settlement can be finalized.

X in August agreed to settle a separate…



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Musk’s X settles former Twitter executives’ $128 million severance pay lawsuit



Elon Musk and X Corp have reached a settlement in a lawsuit by four former top executives at Twitter, including former CEO Parag Agrawal, who claim they were not paid $128 million in promised severance pay after Musk acquired the social media company and fired them.

The terms of the settlement, which was first announced in a filing in San Francisco federal court last week, were not disclosed. A federal judge on October 1 pushed back filing deadlines and a hearing in the case so the settlement can be finalized.

X in August agreed to settle a separate…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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