Elon Musk and X have agreed to settle a $128 million lawsuit filed on March 2024 by four former Twitter executives who said they were deprived of the chance to sell $200 million in Twitter shares, news reports announced on Wednesday. File Photo by Francis Chung/UPI | License Photo
Oct. 8 (UPI) -- Tech entrepreneur Elon Musk has agreed to settle a lawsuit filed by four former Twitter executives, whom he fired after taking ownership of the social media site.
The four executives were fired in 2022 after Musk purchased Twitter, which he renamed X, but they did not receive more than $128 million in severance pay, The Verge reported on Wednesday.
A case update in the U.S. District Court for Northern California indicates former Twitter Chief Executive Officer Parag Agrawal, Chief Legal Officer Vijaya Gadde, Chief Financial Officer Ned Segal and general counsel Sean Edgett have reached an undisclosed settlement to end the legal matter that was filed in March 2024.
The four former Twitter executives accused Musk and X of firing them after they worked to hold him to a $44 billion offer to buy Twitterthat was accepted, but Musk tried to stop from happening, according to TechCrunch.
