technology

Ex-Twitter CEO Parag Agrawal and others sue Elon Musk for over $128m in unpaid severance

Read Insight

Mar 6, 2024 — 1 min read

Former Twitter executives, including the former CEO, Parag Agrawal, have filed a lawsuit against Elon Musk for unpaid severance payments totaling more than $128 million. The suit was filed in a San Francisco court on Monday, January 16.

The four former executives claim that Musk fired them without cause and demonstrate an unwillingness to pay severance packages. They allege that under Musk's control, Twitter has failed to pay employees, landlords, vendors, and other parties, claiming the billionaire believes the rules do not apply to him.

The ex-CEO and three other former Twitter executives are seeking one year's salary and stock options. Musk fired Agrawal, Vijaya Gadde, and Ned Segal in October 2022 after completing his purchase of Twitter. The suit alleges that Musk fabricated an example of gross negligence to avoid paying the executives their severance package.

This is not the first time X (formerly Twitter) has been sued by former employees. At least three other lawsuits have been filed, including two class actions, claiming that regular workers are owed at least $500 million. The company has also been sued by a PR firm, landlords, and other vendors for outstanding payments.

X did not respond to requests for comments on the lawsuit.

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