Agrawal and two other people claim that Twitter owes them over $1 million to cover the costs of the legal actions brought against them by their former employers. Three high-ranking Twitter executives who were fired by Elon Musk when he took over the company last year sought reimbursement for the costs of their former jobs-related litigation, investigations, and congressional inquiries. Read More Business News on our website.
Parag Agarwal Former Twitter CEO vs Elon Musk Know Complete News
Ex-President Parag Agrawal, alongside the organization’s previous boss legitimate and monetary officials, guarantee in the suit that they are owed a sum of more than $1 million and that Twitter lawfully will undoubtedly pay them. A poop emoji was used by Twitter to respond to an AFP request for comment, as is customary.
Although a number of costs associated with inquiries by the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ) were detailed in the court filing, no information regarding the nature of the inquiries or whether they are still ongoing was provided.
Agrawal and then-chief financial officer Ned Segal, according to court documents, “have continued to engage with federal authorities” after giving testimony to the SEC last year.
The SEC is looking into whether Musk followed the law when he purchased Twitter shares.
After Musk released the so-called “Twitter Files,” which were related to the site’s content moderation, late last year, Vijaya Gadde, the former chief legal officer of Twitter, was asked to participate in a US congressional hearing about big technology and free speech.
Gadde was likewise named as a respondent in a claim by a man who guaranteed he was “doxed” at Twitter as a racial oppressor, the recording said.
After concluding his contentious $44 billion takeover of Twitter, Musked removed Agrawal, Gadde, and Segal from their positions at the end of October.
The three former executives argue that although Twitter has acknowledged receipt of their invoices, it is bound by agreements to reimburse them.
Musk quickly laid off employees when he took control of Twitter. The cuts were so extensive that they raised questions about the platform’s stability and its ability to combat misinformation and other forms of abuse.
In keeping with Musk’s pledge to “cut costs like crazy,” complaints have also been made that Twitter is not paying rent or other bills. In the meantime, according to market trackers, as Musk reduces moderation efforts, advertising revenue at Twitter has decreased due to concerns about spreading false information and hateful content.