Elon Musk will settle $128M lawsuit with former Twitter execs

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

One of Musk’s first moves upon buying Twitter was to fire CEO Parag Agrawal, CFO Ned Segal, and top lawyers Sean Edgett and Vijaya Gadde. The four executives never received severance payments, which they claim is because they tried to hold Musk to his $44 billion commitment when he tried to back out of buying the company. The lawsuit even quotes Walter Isaacson’s biography of Musk, which quotes him as saying that he…



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Elon Musk will settle $128M lawsuit with former Twitter execs


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

One of Musk’s first moves upon buying Twitter was to fire CEO Parag Agrawal, CFO Ned Segal, and top lawyers Sean Edgett and Vijaya Gadde. The four executives never received severance payments, which they claim is because they tried to hold Musk to his $44 billion commitment when he tried to back out of buying the company. The lawsuit even quotes Walter Isaacson’s biography of Musk, which quotes him as saying that he…



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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