Elon Musk will settle $128 million Twitter execs lawsuit

Elon Musk has agreed to settee with four apical Twitter executives helium fired aft purchasing the institution successful 2022, aft they sued the billionaire implicit much than $128 cardinal successful unpaid severance past year. 

An update to the lawsuit filed successful the US Northern District Court of California says that the parties — Twitter’s erstwhile CEO Parag Agrawal, CFO Ned Segal, main ineligible serviceman Vijaya Gadde, and wide counsel Sean Edgett — person reached an undisclosed colony with Musk and the rebranded X company. The colony statement is babelike connected “certain conditions” being met successful the adjacent word that were not specified successful the filing, with existing deadlines nether the suit being postponed to springiness Musk clip to fulfill those obligations.

The lawsuit was filed successful March 2024 aft a lengthy quality with the erstwhile execs, who accused Musk of closing the $44 cardinal Twitter acquisition aboriginal to “cheat” them retired of $200 cardinal earlier their banal options vested the pursuing day. The ailment cites a punctuation from Musk successful Walter Isaacson’s Elon Musk biography, saying that closing the woody a time aboriginal would make a “two-hundred-million differential successful the cooky jar,” and claims that the billionaire told Isaacson helium would “hunt each azygous 1 of” Twitter’s executives and directors “till the time they die.”

The suit against Musk and X volition resume connected October 31st if the colony presumption haven’t been met. X besides settled “thousands” of cases successful August aft erstwhile employees who were laid disconnected during a wide firing sued the institution successful 2022 for failing to supply the required 60 days of beforehand announcement anterior to termination.