Share this @internewscast.com

Former Twitter executives including CEO Parag Agrawal, Chief Financial Officer Ned Segal, head of legal Vijaya Gadde and General Counsel Sean Edgett filed a new lawsuit against Elon Musk and X Corp. in federal court arguing that they are owed $128 million in unpaid severance.

In their complaint, lawyers for the ex-Twitter executives say that after Musk backed himself into a deal to buy Twitter, now X Corp., for $44 billion, he took revenge against these executives personally, and tried to recover some of his expenses by “repeatedly refusing to honor other clear contractual commitments.”

Musk and X Corp. have been “stiffing employees, landlords, vendors, and others” since they took over Twitter, the lawyers allege, an allusion to more than 25 vendor nonpayment lawsuits filed against the social media business by companies including software and service providers and a landlord.

“Musk doesn’t pay his bills, believes the rules don’t apply to him, and uses his wealth and power to run roughshod over anyone who disagrees with him,” the complaint says.

The complaint also alludes to comments Musk made to his official biographer, Walter Isaacson, that “he would ‘hunt every single one of’ Twitter’s executives and directors ‘till the day they die.’”

The ex-Twitter executives’ lawyers argue, “These statements were not the mere rantings of a self-centered billionaire surrounded by enablers unwilling to confront him with the legal consequences of his own choices. Musk bragged to Isaacson specifically how he planned to cheat Twitter’s executives out of their severance benefits in order to save himself $200 million.”

The suit, Agrawal et al v. Musk et al, was filed in California’s Northern District and follows news that settlement talks between X Corp. and ex-Twitter managers broke down in a related case in Delaware, Woodfield v. Twitter Inc., where $500 million in unpaid severance to former Twitter managers and engineers is in dispute.

Representatives for X Corp. and Elon Musk did not immediately respond to CNBC’s request for comment.

Share this @internewscast.com
You May Also Like
Man arrested on misdemeanor DUI charges outside Nancy Guthrie's home after sobriety test

Driver Arrested for DUI Misdemeanor Near Nancy Guthrie’s Residence After Failing Sobriety Test

TUCSON, Ariz. — A 34-year-old man found himself in handcuffs late Thursday…
Trump Directs Federal Agencies to 'Cease' Use of Anthropic Technology

Trump Orders Federal Agencies to Halt Use of Controversial Anthropic Technology: What You Need to Know

President Donald Trump has issued an order for federal agencies to “IMMEDIATELY…
State Farm announces $5 billion cash-back dividend for customers

State Farm Unveils $5 Billion Cash-Back Dividend for Customers: A Major Win for Policyholders

This summer, State Farm is set to distribute a groundbreaking $5 billion…
Pedestrian Shanna White killed in Winthrop Harbor hit-and-run on Sheridan Road, police say; daughter offers reward in case

Reward Offered After Tragic Hit-and-Run Claims Life of Shanna White in Winthrop Harbor

A tragic hit-and-run incident in Winthrop Harbor resulted in the death of…
Registered sex offender’s city council bid sparks fury as officials explore blocking his path

Controversial City Council Candidate: Can Officials Stop Registered Sex Offender’s Campaign?

A man previously convicted in a child sexual abuse materials case is…
Alleged New Hampshire country club shooter Hunter Nadeau said he was targeting wealthy ‘elites’: report

Hunter Nadeau, Alleged New Hampshire Country Club Shooter, Reportedly Aimed at Wealthy ‘Elites

A man from New Hampshire, charged with a shooting spree inside a…
Inside KTLA's layoffs as insiders reveal brutal details

Exclusive: Unveiling the Impact and Insider Perspectives on KTLA’s Recent Layoffs

Inside sources at KTLA have revealed a tense atmosphere at the Los…
Sweden intercepts suspected Russian drone during visit by French aircraft carrier

Swedish Forces Thwart Potential Russian Drone Threat Amid French Naval Diplomacy

In a significant security incident, the Swedish military recently intercepted what is…
30 more people charged in Minnesota church storming, with 25 already arrested, AG Bondi says

Minnesota Church Incident: Additional 30 Individuals Face Charges, Total Arrests Climb to 55, Announces AG Bondi

The Trump administration has taken legal action against an additional 30 individuals…
Viewpoint School teacher arrested for inappropriate behavior

Viewpoint School Teacher Arrested for Misconduct: Community Calls for Action

A teacher from a renowned private school in Calabasas, which boasts President…
NY reps silent on accepting pay while 120,000 DHS workers go unpaid during shutdown

NY Representatives Under Fire: Silence on Pay Acceptance Amid DHS Worker Shutdown Crisis

The majority of New York’s congressional representatives are staying tight-lipped about whether…
Man accused of poisoning Santa Clarita, California couple by spraying bug spray on food

Santa Clarita Man Allegedly Contaminates Couple’s Food with Insecticide

A Santa Clarita couple has come forward with a harrowing story, revealing…