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
Ukraine pitches 'Donnyland' to honor Trump's aid against Russia: report

Ukraine Proposes ‘Donnyland’ Tribute to Recognize Trump’s Support in Russia Conflict

According to a recent report, Ukrainian officials have proposed renaming a portion…
Third US military aircraft carrier arrives in Middle East

Third US Aircraft Carrier Deploys to Middle East Amid Rising Tensions

The United States has increased its naval presence in the Middle East,…
Lawmakers send letter demanding 'immediate action' on California's fuel crisis

Urgent Call to Action: Lawmakers Demand Swift Resolution to California’s Fuel Crisis

Bipartisan state lawmakers in California are pressing the state’s energy authorities to…
Australian tourist trapped waist-deep in sewage after outback toilet collapses

Australian Traveler Rescued from Unusual Outback Toilet Mishap

In an unexpected and unpleasant twist during a family road trip through…
Former North Carolina police officer accused of threatening mass shooting at New Orleans festival

Ex-North Carolina Police Officer Faces Allegations of Threatening Mass Shooting at New Orleans Festival

A former police officer from North Carolina was taken into custody late…
Curses, Foiled Again: The FBI Thwarts a Potential Terror Plot Directed at a Texas Synagogue

FBI Successfully Intercepts Planned Terror Attack on Texas Synagogue

On Thursday, FBI Director Kash Patel revealed the collaborative efforts of the…
Vegan meat mogul charged with strangling social media star ex in ritzy NYC hotel

Vegan Meat Tycoon Arrested for Alleged Strangulation of Social Media Influencer in Luxury NYC Hotel

An Australian entrepreneur, known for establishing a well-known vegan chicken nugget enterprise,…
Zodiac Killer may be tied to Black Dahlia case after ‘code cracked,’ new suspect emerges

New Breakthrough Links Zodiac Killer to Black Dahlia Mystery: Unveiling a New Suspect

The infamous Zodiac Killer, known for his cryptic messages that taunted law…
Wild photos show firefighters battling massive 5-alarm fire at historic NYC church

Stunning Photos Capture Heroic Firefighters Tackling Devastating 5-Alarm Blaze at Iconic NYC Church

Striking images have emerged of firefighters valiantly combating an intense 5-alarm blaze…
2026 NFL Draft: Ohio State wide receiver Carnell Tate, whose mother Ashley Griggs died in Chicago shooting, drafted No. 4 overall

2026 NFL Draft: Ohio State’s Carnell Tate Honors Late Mother Ashley Griggs, Secures No. 4 Pick

In a significant moment for both the athlete and his supporters, Carnell…
NYPD cop racked up more than 500 speeding tickets in NYC since 2022: report

Shocking NYC Report: NYPD Officer Accumulates Over 500 Speeding Violations Since 2022 – A Deep Dive

An NYPD officer has been identified as one of New York City’s…
The Kremlin’s war on censorship looks a lot like trigger warnings in NYC, dissident Russian director says

Russian Director Compares Kremlin’s Censorship Tactics to NYC’s Trigger Warnings

Fleeing Russia in pursuit of freedom, a prominent director found himself ensnared…