Four former senior Twitter executives have filed a lawsuit against Elon Musk for more than $128 million in unpaid damages, according to a lawsuit filed yesterday, Monday, according to Reuters.
The lawsuit filed in federal court in San Francisco is the latest in a series of legal challenges facing the billionaire after he acquired the social media company for $44 billion in October 2022 and later renamed it “ X. ”
The plaintiffs who filed the lawsuit are former Twitter CEO Parag Agrawal, former CFO Ned Segal, former chief legal officer Vijaya Gade, and former general counsel Sean Edgett.
These officials say they were fired and that Musk accused them of misconduct and forced them off Twitter just minutes after he took control of Twitter.
Musk refused to pay executives the severance pay he had been promised for years before he took over Twitter, according to the lawsuit. Plaintiffs say they are entitled to one year's salary and hundreds of thousands in stock options.
“These are Musk’s rules: keep the money he owes others, and force them to sue him,” the former executives said in the 39-page lawsuit.
X already faces two class-action lawsuits claiming the company owes rank-and-file employees laid off after Musk's takeover at least $500 million in severance pay, and a third lawsuit by six former senior managers making similar claims. X denies any wrongdoing.
The company was previously undermined for failing to pay its former public relations firm, landlords, vendors and consultants.
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