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Elon Musk agrees to settle $128 million Twitter lawsuit
Yahoo Finance· 2025-10-09 12:21
Elon Musk's long-running battle with the executive team that ran Twitter before his purchase of the social media site may finally be over. Musk and four former executives of the site have agreed to settle a lawsuit by the former leaders that claimed they were not paid $128 million in promised severance pay. Terms of the agreement were not disclosed. Former Twitter CEO Parag Agrawal, CFO Ned Segal, chief legal officer Vijaya Gadde and general counsel Sean Edgett sued Musk in 2024 after they said they were ...
Elon Musk and former Twitter execs agree to settle $128 million lawsuit
Yahoo Finance· 2025-10-08 18:19
Over a year after former Twitter executives sued Elon Musk for around $128 million in unpaid severance benefits, both parties have agreed to settle for an undisclosed amount. The settlement is dependent on "certain conditions" being met in the near term, according to a new filing in the Northern District Court of California, but will postpone existing deadlines in the case so Musk can fulfill his obligations. Former Twitter CEO Parag Agrawal, CFO Ned Segal, chief legal officer Vijaya Gadde and general cou ...
Elon Musk will settle $128M lawsuit with former Twitter execs
Yahoo Finance· 2025-10-08 18:01
Elon Musk will settle a $128 million lawsuit with four Twitter executives 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, wh ...