Breaking News: Elon Musk Settles $128M Lawsuit with Former Twitter Execs
Elon Musk has agreed to settle a $128 million lawsuit with four former Twitter executives he fired in 2022, according to court documents. The settlement comes after the executives claimed they were denied severance payments due to their efforts to hold Musk accountable for his $44 billion commitment to buy Twitter.
Timeline and Details
The four executives - Parag Agrawal, Ned Segal, Sean Edgett, and Vijaya Gadde - were fired by Musk shortly after he took over Twitter in 2022. They claimed they were not paid severance due to their attempts to enforce Musk's commitment to the deal. 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 is the latest in a series of agreements between Musk and former Twitter employees. In recent months, Musk has settled a class-action lawsuit with over 6,000 laid-off Twitter staff who claimed they received incomplete or no severance payments.
Background Context
Musk's acquisition of Twitter was marked by controversy, including his decision to fire several top executives. The move sparked concerns about the future of free speech and the role of social media platforms in society.
What Happens Next
The terms of the settlement are not yet clear, but it is expected that Musk will pay out a significant sum to the four former executives. This development comes as Musk faces increasing scrutiny over his handling of Twitter's finances and employee relations.
*This story is developing. Information compiled from Techcrunch reporting.*
