00:00 It's Benzinga and here's what's on the block.
00:02 Former senior executives from Twitter have filed a lawsuit against Elon Musk and his company XCOR
00:07 alleging that they were unjustly terminated. They're claiming over $12 billion in unpaid
00:11 severance and the lawsuit filed in Northcourt in the Northern District of California accuses Musk
00:15 of fabricating reasons to dismiss them to avoid paying severance. The plaintiffs argue that their
00:20 severance arrangements guaranteed them a year's salary and uninvested stock in warrants calculated
00:24 based on Twitter's acquisition price. Musk and XCOR are said to be facing a significant number
00:29 of legal actions over unpaid bills and Musk's reported attitude towards these lawsuits is
00:33 to let them sue. For all things money visit Benzinga.com
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