(NEWSnet/AP) — Former senior executives of Twitter are suing Elon Musk and X Corp., saying they are entitled to more than $128 million in unpaid severance.

Twitter’s former CEO Parag Agrawal, Chief Financial Officer Ned Segal, Chief Legal Counsel Vijaya Gadde and General Counsel Sean Edgett claim in the lawsuit, filed Monday, they were fired without cause in 2022 on the day Musk completed his acquisition of Twitter, which he later rebranded X.

Because he didn’t want to pay their severance, the executives say Musk “made up fake cause and appointed employees of his various companies to uphold his decision.”

The lawsuit says not paying severance is a pattern for Musk.

“Under Musk’s control, Twitter has become a scofflaw, stiffing employees, landlords, vendors, and others,” says the lawsuit, filed in federal court in the Northern District of California. “Musk doesn’t pay his bills, believes the rules don’t apply to him, and uses his wealth and power to run roughshod over anyone who disagrees with him.”

Representatives for Musk and San Francisco-based X have not responded to messages for comment.

The former executives claim their severance plan entitles them to one year's salary plus unvested stock awards valued at the acquisition price of Twitter. Musk purchased the company for $44 billion, or $54.20 per s

 

hare, taking control in October 2022.

According to the lawsuit, the only reason Musk gave for the firings was “gross negligence and willful misconduct,” in part because Twitter paid fees to outside attorneys for their work closing the acquisition. The executives say they were required to pay the fees to comply with fiduciary duties to the company.

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