Posted on 03/04/2024 9:51:36 PM PST by SeekAndFind
Former senior executives of Twitter are suing Elon Musk and X Corp., saying they are entitled to a total of more than $128 million in unpaid severance payments.
Twitter's former CEO Parag Agrawal, Chief Financial Officer Ned Segal, Chief Legal Counsel Vijaya Gadde and General Counsel Sean Edgett claim in the lawsuit filed Monday that they were fired without a reason on the day in 2022 that Musk completed his acquisition of Twitter, which he later rebranded X.
Because he didn't want to pay their severance, the executives say Musk "made up fake cause and appointed employees of his various companies to uphold his decision."
The lawsuit says not paying severance and bills is part of a pattern for Musk, who's been sued by "droves" of former rank-and-file Twitter employees who didn't receive severance after Musk terminated them by the thousands.
"Under Musk's control, Twitter has become a scofflaw, stiffing employees, landlords, vendors, and others," says the lawsuit, filed in federal court in the Northern District of California. "Musk doesn't pay his bills, believes the rules don't apply to him, and uses his wealth and power to run roughshod over anyone who disagrees with him."
Representatives for Musk and San Francisco-based X did not immediately respond to messages for comment Monday.
The former executives claim their severance plans entitled them to one year's salary plus unvested stock awards valued at the acquisition price of Twitter. Musk bought the company for $44 billion, or $54.20 per share, taking control in October 2022.
They say they were all fired without cause. Under the severance plans, "cause" was narrowly defined, such as being convicted of a felony, "gross negligence" or "willful misconduct."
(Excerpt) Read more at npr.org ...
NPR relies a lot on AP. Hmm🧐
The newly established marxist “Lawfare Pattern”, being applied against Elon Musk.
Who’s Next?
Musk has enough money to make Trump look middle class. He can hire the lawyers to bankrupt the left.
>> Musk has enough money to make Trump look middle class. He can hire the lawyers to bankrupt the left.
May it transpire just as you have suggested.
I hope they have a lot of cash to pay their attorneys because Elon sure does to pay his. I’ll bet none of them have any case and Elon knows it. He can drag this thing out and make them into ATM’s for their lawyers...
No lawyer can beat a corrupt judge! Musk lost a cool $55B already. Trump’s half billion in fines is middle class indeed by comparison.
All fired for cause. They get nothing.
ANY COMPANY BOUGHT OUT BY ANOTHER COMPANY USUALLY “CLEANS HOUSE”.
NOT A NEW CONCEPT.
When MUSK shows that employees working from HOME were charging Twitter $40 a day for “LUNCHES” & these officers didn’t halt that practice—MUSK HAS THEM HOG TIED, IMO.
Another judge today also threw out a case he filed. Some left wing group was refreshing “mean tweets” or “hate tweets” 1000’s of times until that tweet was served with an ad from Disney or other big advertisers, then published a paper to get Disney to stop advertising saying Disney was sponsoring hate. Even though they manipulated the evidence by overstating the odds that their ad would appear next to ‘hate speech’ the judge said he wasn’t allowed to sue over it.
You can call this reverse lawfare I guess. Only some people can sue and only some people can get sued.
Severance isn’t a law
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.