Musk and Former Twitter Executives Reach Settlement in $128M Severance Lawsuit
Musk and Former Twitter Executives Reach Settlement in $128M Severance Lawsuit Elon Musk and X Corp. have agreed to a settlement with former Twitter executives Parag Agrawal, Ned Segal, Vijaya Gadde and Sean Edgett over roughly $128 million in unpaid severance and stock option payouts. The settlement amount has not been publicly disclosed and is contingent on "certain conditions" being met in the near term, according to a filing in the U.S. District Court for the Northern District of California. Key points Parties: Parag Agrawal (former CEO), Ned Segal (former CFO), Vijaya Gadde (former CLO), Sean Edgett (former general counsel) vs. Elon Musk/X Corp. Allegations: Executives sued over unpaid severance and vested stock options after Musk closed the $44B acquisition early and terminated them. Settlement: Agreed to an undisclosed amount;…
