Elon Musk Settles $128M Lawsuit with Former Twitter Execs
In a major development, Elon Musk has agreed to settle a $128 million lawsuit with four former Twitter executives he fired after taking over the company in 2022. The settlement comes after a lengthy court battle, with the parties confirming that an agreement has been reached.
Timeline of Events
The four executives - CEO Parag Agrawal, CFO Ned Segal, and top lawyers Sean Edgett and Vijaya Gadde - were fired by Musk in November 2022 without receiving severance payments. They claimed they were targeted for trying to hold Musk to his $44 billion commitment when he attempted to back out of the Twitter acquisition. The lawsuit cited a quote from Walter Isaacson's biography of Musk, which stated that he would "hunt every single one of Twitter's C-suite till the day they die."
Immediate Impact and Response
The settlement marks another significant development in Musk's tumultuous tenure at Twitter. It follows a class action lawsuit concerning 6,000 laid-off Twitter employees who claimed they received incomplete or no severance payments. The terms of the settlement are not yet clear.
Background Context
Musk's takeover of Twitter has been marked by controversy and upheaval. He has faced criticism for his handling of the platform, including layoffs, censorship, and moderation policies. The lawsuit highlights concerns about Musk's treatment of former employees and executives.
What Happens Next
The settlement is expected to be finalized in the coming weeks. It remains to be seen how this development will impact Musk's relationship with Twitter employees and investors. As the situation continues to unfold, one thing is clear: the drama surrounding Elon Musk's Twitter tenure shows no signs of abating.
*This story is developing. Information compiled from Techcrunch reporting.*
