Elon Musk to Settle $128M Lawsuit with Former Twitter Execs

Settlement Reached in Lawsuit Against Elon Musk Over Twitter Exec Firings

A resolution has been reached in the $128 million legal dispute between Elon Musk and four former Twitter executives. The lawsuit stemmed from their dismissals following Musk’s acquisition of the company in 2022.

Details of the Initial Firings

Immediately after completing the purchase of Twitter, Elon Musk terminated the employment of several key leaders. These included then-CEO Parag Agrawal, CFO Ned Segal, and legal counsel Sean Edgett and Vijaya Gadde.

The former executives allege they were denied agreed-upon severance packages. This denial, they claim, was a direct consequence of their efforts to enforce Musk’s original $44 billion agreement to acquire the platform when he initially attempted to withdraw from the deal.

Allegations and Supporting Evidence

The lawsuit included a quote attributed to Elon Musk, sourced from Walter Isaacson’s biography. In this quote, Musk reportedly stated his intention to pursue legal action against the former C-suite executives “till the day they die.”

Settlement Terms Remain Undisclosed

Although court documents verify that a settlement has been achieved, the specific details of the agreement have not yet been publicly released.

Broader Impact: Lawsuits from Laid-Off Employees

This case isn't isolated. Elon Musk recently concluded a separate class action lawsuit involving approximately 6,000 former Twitter employees who were laid off.

A significant number of these former staff members voiced concerns regarding their severance. Complaints centered around receiving either incomplete payments or being entirely excluded from severance compensation.

Severance disputes have been a recurring theme since Musk’s takeover of the social media company.

• The initial lawsuit involved Parag Agrawal, Ned Segal, Sean Edgett, and Vijaya Gadde.
• A separate class action addressed concerns of around 6,000 laid-off employees.
• The core issue revolves around unpaid or incomplete severance payments.