Twitter Ex-CEO Parag Agrawal, 2 Others Sue Elon Musk Over Legal Bills:- Three top Twitter executives, Parag Agrawal, the ex-CEO, and the company’s former chief legal and financial officers, who were terminated by Elon Musk last year after he took over the social media company, have filed a lawsuit on Monday.
They are seeking reimbursement for costs incurred in litigation, investigations, and congressional inquiries related to their previous roles. The executives claim that Twitter is legally obligated to pay them a total of more than $1 million.
In response to a request for comment from AFP, Twitter replied with a poop emoji, which has become its customary practice.
The court filing provides an overview of various expenses incurred in inquiries conducted by the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ), but it does not provide specific details about the nature of the investigations or whether they are still ongoing.
Agrawal and Ned Segal, who was then the chief financial officer, provided testimony to the SEC last year and have been in ongoing engagement with federal authorities, as stated in the court documents.
The SEC is currently investigating whether Musk complied with securities regulations when he acquired Twitter shares.
In addition, Vijaya Gadde, the former chief legal officer of Twitter, was called upon to participate in a congressional hearing in the United States regarding big tech and free speech, after Musk’s release of the “Twitter Files” related to the site’s content moderation.
Gadde was also named as a defendant in a lawsuit filed by an individual who claimed to have been “doxed” as a white supremacist on Twitter, according to the court filing.
Agrawal, Gadde, and Segal were terminated from their positions by Musk in late October after he completed his controversial $44 billion takeover of Twitter.
The three former executives contend that Twitter is obligated by agreements to reimburse them for costs incurred, but the company has only acknowledged receipt of their invoices without taking further action.
Following his takeover of Twitter, Musk implemented significant employee cuts, which were so extensive that they raised concerns about the stability of the platform and its ability to combat misinformation and abuse.
In addition, complaints have been filed against Twitter, alleging non-payment of rent and other bills, as Musk fulfills his vow to “cut costs like crazy.”
Meanwhile, market trackers have reported a decline in advertising revenue for Twitter, attributed to concerns about the proliferation of misinformation and hateful content as Musk scales back moderation efforts.
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