Elon Musk Will Settle $128 Million Twitter Execs Lawsuit

Elon Musk has agreed to settee pinch four apical Twitter executives he fired aft purchasing nan institution successful 2022, aft they sued nan billionaire complete much than $128 cardinal successful unpaid severance past year. 

An update to nan lawsuit revenge successful nan US Northern District Court of California says that nan 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 pinch Musk and nan rebranded X company. The colony statement is limited connected “certain conditions” being met successful nan adjacent word that were not specified successful nan filing, pinch existing deadlines nether nan suit being postponed to springiness Musk clip to fulfill those obligations.

The lawsuit was revenge successful March 2024 aft a lengthy conflict pinch nan erstwhile execs, who accused Musk of closing nan $44 cardinal Twitter acquisition early to “cheat” them retired of $200 cardinal earlier their banal options vested nan pursuing day. The title cites a quote from Musk successful Walter Isaacson’s Elon Musk biography, saying that closing nan woody a time early would create a “two-hundred-million differential successful nan cooky jar,” and claims that nan billionaire told Isaacson he would “hunt each azygous 1 of” Twitter’s executives and board “till nan time they die.”

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