Elon Musk and his X Corp, formerly known as Twitter, are now close to settling a $128 million severance pay lawsuit filed last year. According to a last week court filing by attorneys for the plaintiffs, “The parties have reached a settlement and the settlement requires certain conditions to be met in the near term.” The terms of the agreement have yet to be revealed.
After the Tesla CEO took over the company in 2022 in a $44 billion deal, the case of unpaid severance was brought forth by four former crucial Twitter executives – ex-CEO Parag Agrawal , ex-CFO Ned Segal, former chief legal officer Vijaya Gadde and ex-general counsel Sean Edgett.
X severance pay lawsuit: Elon Musk vs Parag Agrawal
Their allegations against Musk suggested the billionaire had falsely accused them of mis