Elon Musk sued by former Twitter executives — RT World News
Plaintiffs claim they have a total of $128 million in damages
Former Twitter executives, who lost their jobs after Elon Musk bought the social media platform, have filed a lawsuit against the billionaire tech mogul, claiming he owes them $128 million in unpaid bonuses.
The lawsuit was filed Monday in U.S. District Court in San Francisco on behalf of former CEO Parag Agrawal and three senior executives, alleging that Musk refused to fulfill his contractual obligations to employees who were fired after he bought Twitter for $44 billion in October. 2022. He later renamed the platform X.
“These are Musk’s rules: keep the money he owes others and force them to sue him.” Lawyers for the former executives said in the lawsuit. “Even in defeat, Musk can impose delays, hassles, and expenses on others who are less able to bear them.”
Agrawal received total compensation worth more than $30 million in 2021, his last full year at Twitter. Musk claimed in his termination letters that the executives were fired because of them “Gross negligence” And “And thus willful misconduct, he would not have to pay them severance damages,” according to the lawsuit.
Twitter's new owner never made specific allegations to back up the claims, and its employees dragged out the appeals process by trying for a year. “He found facts that supported his predetermined conclusion, but to no avail.” Plaintiffs claimed. The lawsuit added that Musk vowed retaliation against Twitter executives after they blocked his efforts to back out of the acquisition deal.
Musk, whose net worth is estimated by Forbes magazine at more than $200 billion, faces another lawsuit related to $500 million in termination claims from former Twitter managers and engineers, in addition to multiple lawsuits alleging failure to pay obligations to landlords and vendors. “Musk doesn't pay his bills, believes the rules don't apply to him, and uses his wealth and power to attack anyone who disagrees with him.” Lawyers for the fired executives argued.
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