financetom
Business
financetom
/
Business
/
Twitter ex-CEO Parag Agrawal and two others sue Elon Musk in $1 million legal suit
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Twitter ex-CEO Parag Agrawal and two others sue Elon Musk in $1 million legal suit
Apr 11, 2023 4:58 AM

Elon Musk’s Twitter is facing yet another legal battle as the social media platform’s former top three executives including then CEO Parag Agrawal, who were sacked by the billionaire, filed a suit on April 10.

Share Market Live

NSE

Agrawal, Twitter’s former general counsel Vijaya Gadde and Ned Segal, former chief financial officer, were fired by Musk when he acquired the platform for $44 billion in October.

Agrawal, along with the company's former chief legal and financial officers, has sought that they be reimbursed for costs of litigation, investigations and congressional inquiries related to their former jobs, according to an AFP report. They have claimed they are owed over $1 million and that Twitter is legally bound to pay them.

As per the report, Twitter responded to an AFP request for comment with a poop emoji, as has become its practice.

The court filing cited by AFP suggests numerous expenses related to inquiries by the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) were incurred. However, it does not include details on the nature of the investigations or whether they are still ongoing.

According to court documents, Agrawal and then-chief financial officer Ned Segal provided testimony to the SEC last year and "have continued to engage with federal authorities.” The SEC is probing whether Musk complied with securities rules when he accumulated Twitter shares.

Also Read: Elon Musk vs Parag Agrawal: What is the Twitter feud all about

Gadde was called on to take part in a US congressional hearing about big tech and free speech following Musk's release late last year of so-called "Twitter Files" related to the site's content moderation. The former was also named as a defendant in a lawsuit by a man who claimed he was "doxed" at Twitter as a white supremacist, the filing said.

The three former executives contest that as per their contracts, Twitter is required to reimburse them but it has done no more than acknowledge it received their invoices.

Twitter laid off roughly 3,700 employees, or half its workforce, in early November in a cost-cutting measure by Musk, who paid $44 billion to acquire the social media platform. Hundreds more employees subsequently resigned.

Also Read: Elon Musk paints over the missing ‘W’ from Twitter’s logo. Here’s his take on ‘Titter’

Last week too, Twitter faced a lawsuit accusing the social media giant of illegally laying off contract workers without notice, the latest action stemming from its massive job cuts.

The proposed class action, filed in San Francisco federal court, claims Twitter in November laid off numerous workers employed by staffing firm TEKsystems Inc without the 60 days of advance notice required by U.S. and California law.

Also Read: Twitter faces a whopping fine in Germany which is more than its net worth

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Vanguard expands
Vanguard expands "Investor Choice" proxy voting program
May 29, 2025
May 29 (Reuters) - Top mutual fund manager Vanguard Group on Thursday said it would roughly triple to 10 million the number of investors eligible to direct proxy votes in their funds, continuing an effort that would reduce the firm's direct impact on shareholder elections. Closely-held Vanguard said it added four equity index funds to its Investor Choice program, bringing...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
India's Bajaj Auto warns China magnet delays will hit EV output by July
India's Bajaj Auto warns China magnet delays will hit EV output by July
May 29, 2025
May 29 (Reuters) - Indian automaker Bajaj Auto on Thursday warned that any further delays in securing the supply of rare earth magnets from China could seriously impact electric vehicle production by July. China controls more than 90% of global processing capacity for the magnets used for automobiles, clean energy and home appliances. The country enacted restrictions in April requiring...
Ridgeline Minerals Edging Up on High-Grade Oxide Gold Project Acquisition
Ridgeline Minerals Edging Up on High-Grade Oxide Gold Project Acquisition
May 29, 2025
10:55 AM EDT, 05/29/2025 (MT Newswires) -- Ridgeline Minerals ( RDGMF ) was edging up on Thursday after it agreed to buy 100% interest in the Trench oxide gold project located near 30 kilometers southwest of the town of Carlin, Nevada, from Bronco Creek Exploration, a wholly-owned unit of EMX Royalty ( EMX ) , which was down 1.5%. Ridgeline...
Copyright 2023-2026 - www.financetom.com All Rights Reserved