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Four former top Twitter executives, including former CEO Parag Agrawal, have filed a lawsuit against Elon Musk, seeking over $128 million in severance.
The lawsuit, filed in California, stems from the executives being fired by Musk when he acquired the company in October 2022.
The executives, Ned Segal, former chief financial officer, Vijaya Gadde, former chief legal officer, and Sean Edgett, former general counsel, were let go by Musk, citing gross negligence and willful misconduct, allegations that they deny, according to the Wall Street Journal.
The lawsuit claims that Musk fired them without paying severance, based on the grounds of gross negligence. The executives, who led the company during a lengthy and sometimes hostile takeover process, dispute these accusations.
CEO Parag Agrawal, who replaced co-founder and former CEO Jack Dorsey in November 2021, was among the first to lose his job after Musk’s takeover in October 2022.
The lawsuit alleges that Musk’s actions are part of a pattern, stating, “This is the Musk playbook: to keep the money he owes other people, and force them to sue him.
Even in defeat, Musk can impose delay, hassle, and expense on others less able to afford it.”
Twitter, now known as X, has not yet responded to a request for comment on the matter.
In addition to the lawsuit, Musk has made significant changes to the company since acquiring it, including laying off more than two-thirds of its previous workforce of 7,500.
This article was updated 2 months ago
