Musk, X Reach Deal With Ex-Twitter Execs Over $128M Severance Dispute

Benzinga

Elon Musk’s X Corp settled with four ex-Twitter executives who sought $128M in unpaid severance. The confidential deal ends a high-profile dispute following Musk’s 2022 acquisition and earlier $500M staff settlement.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Elon Musk and X Corp have reached a settlement with four former Twitter executives who sued

00:06for $128 million in unpaid severance following Musk's 2022 acquisition.

00:11Confidential agreement was disclosed in a San Francisco federal court filing,

00:14which delayed hearings to finalize the deal, according to Fox Business.

00:17Ex-CEO Parag Agarwal, CFO Ned Siegel, Legal Chief Viagra Gadi, and General Counselor Sean

00:24Edggett alleged Musk falsely accused them of misconduct to avoid payment.

00:29X denied wrongdoing, citing performance issues.

00:32Case Files X's August settlement with X Twitter staff over $500 million in severance claims.

00:37For all things money, visit Benzinga.com.

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