Former Twitter CEO Parag Agrawal, 3 others are suing Elon Musk Alleging Rule-Breaking and Power Abuse
Elon Musk, the current CEO of Twitter, is facing a lawsuit from four former top executives, including former CEO Parag Agrawal. They are seeking $128 million in unpaid severance payments, alleging that Musk publicly declared his intention to withhold their severance payments, totaling around $200 million, after he took over Twitter in a $44 billion deal in 2022.
The former executives claim that Musk has shown special animosity towards them, accusing him of turning Twitter into a company that doesn’t fulfill its financial obligations. They argue that Musk, with his wealth and power, doesn’t adhere to rules and mistreats anyone who disagrees with him. The lawsuit also challenges Musk’s termination letters, stating that he accused each plaintiff of gross negligence and willful misconduct without providing any supporting evidence.
The complaint has been filed in the US District Court for the Northern District of California, where Agrawal’s lawyers emphasized Musk’s alleged disregard for rules and failure to meet financial obligations.
