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Former Twitter executives, including CEO Parag Agarwal, chief financial officer Ned Segal, head of legal Vijaya Godd and general counsel Sen. Elon Musk and X Corp, have filed a new lawsuit in federal court, arguing that they have been defrauded of $128 million. Payments are due in due course.
In their complaint, attorneys for the former Twitter executives say Musk himself backed into a deal to buy Twitter, now X Corp., for $44 billion, that he personally retaliated against those executives, and from his own expenses. Tried to receive something. “Others have repeatedly refused to honor clear contractual commitments.”
Musk and X Corp have been “harrassing employees, landlords, vendors and others” since they took over Twitter, the lawyers allege, in the wake of more than 25 vendor non-payment lawsuits against the company’s social media business. Includes software and service providers. and landlords.
“Musk doesn’t pay his bills, believes the rules don’t apply to him, and uses his wealth and power to run a blockade against anyone who disagrees with him,” the complaint says.
The complaint also refers to comments Musk made to his official biographer, Walter Isaacson, that he would ‘hunt every single Twitter executive and director’ until the day he dies.
Lawyers for the former Twitter executives said, “These statements were not just the rhetoric of a self-righteous billionaire who was unwilling to face the legal consequences of his choice.” Executives withdraw from their severance benefits to save themselves $200 million.
The suit, Agarwal et al. v. Musk et al., was filed in the Northern District of California and follows reports of collusion between X Corp. and former Twitter managers in Delaware, Woodfield v. Twitter Inc. In the related case are broken. Former Twitter managers and engineers are in dispute over $500 million in unpaid dividends.
X Corp. And representatives for Elon Musk did not immediately respond to CNBC’s request for comment.
Read the full complaint below:
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