Former Twitter executives sue Musk over $1 million reimbursement
New Delhi, April 12: Parag Agrawal, the former CEO of Twitter, and two other executives, have taken legal action against Elon Musk, alleging that the social media firm owes them over $1 million in reimbursements for the costs of litigation, investigations, and congressional inquiries related to their former roles.
In the court filing, the three litigants, who were dismissed from their posts when Musk took control of Twitter late last year, claim that the firm is contractually obliged to pay them for their expenses.
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The documents state that Agrawal and former CFO Ned Segal supplied testimony to the US Securities and Exchange Commission (SEC) in 2020, and Gadde, the ex-chief legal officer, was called to a US congressional hearing regarding free speech on tech platforms. Additionally, Gadde was also named as a defendant in a lawsuit by an individual who alleged he had been “doxed” on Twitter as a white supremacist.
Twitter released a statement in response to the suit, simply responding with a poop emoji. When Musk first acquired Twitter, he made it clear that he was planning on cutting costs, and since then, complaints have been filed accusing the company of not paying its rent or other bills.
Market trackers have also reported a significant decrease in advertising revenue at Twitter, with concerns over misinformation and hateful content intensifying as Musk pulls back on moderation efforts.
- With inputs from agencies
