San Francisco, March 5: Indian-origin Parag Agrawal, former CEO of Twitter (now called X), and three other employees have sued Elon Musk for about $128 million in unpaid severance. Agrawal, along with ex-chief financial officer Ned Segal, former Twitter head of legal and policy Vijaya Gadde and former Twitter General Counsel, Sean Edgett, have filed the lawsuit against the billionaire.

Musk on Tuesday reacted with just an emoji, when a follower posted: “Parag Agrawal is suing Elon Musk claiming that he did in fact get a lot done that week”. The lawsuit claimed that the Tesla CEO showed "special ire" towards them by "publicly vowing to withhold their severance payments of around $200 million”, when he took over Twitter in 2022 for $44 billion. Elon Musk Bought Twitter After Former CEO Refused To Ban Billionaire’s Jet Tracking Account: Report

Ex-Twitter CEO Parag Agrawal & Others Sue Elon Musk, Seek More Than $ 128 Million In Severance

“Under Musk’s control, Twitter has become a scofflaw, stiffing employees, landlords, vendors, and others. 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,” read the lawsuit, filed in the US District Court for the Northern District of California. Elon Musk Fired Former Indian-Origin Twitter CEO Parag Agrawal Because He Was 'No Fire-Breathing Dragon'

In October 2022, Musk informed Agrawal, Gadde and Segal that their employment with the company was terminated. According to reports, the three top executives had an exit package of more than $100 million when they left the company. Agrawal was set to receive the largest payout at around $40 million, largely due "to the entirety of his shares vesting upon his firing”.

(The above story first appeared on LatestLY on Mar 05, 2024 09:34 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).