Ex-Twitter CEO who was fired by Musk sues firm over unpaid authorized bills

Former Twitter CEO Parag Agrawal walking outside while wearing a casual shirt and jeans.

Enlarge / Then-Twitter CEO Parag Agrawal walks to a morning session throughout the Allen & Firm Solar Valley Convention on July 7, 2022, in Solar Valley, Idaho. (credit score: Getty Photos | Kevin Dietsch )

Former Twitter CEO Parag Agrawal and two different ex-executives sued the corporate as we speak, saying they have not been reimbursed for over $1 million in bills associated to federal investigations and different authorized issues. The lawsuit mentioned former executives had to reply to investigations launched by the Securities and Alternate Fee and Division of Justice, and requested “an expedited ruling requiring Defendant to adjust to its obligations to advance authorized charges and bills regarding ongoing litigation and investigations.”

Twitter “has breached its obligations… by refusing to advance Plaintiffs’ Bills,” in accordance with the lawsuit, which was filed within the Delaware Court docket of Chancery and reported by The New York Occasions. The plaintiffs “have incurred important bills, together with however not restricted to attorneys’ charges and prices, in reference to a number of proceedings,” the lawsuit mentioned.

The lawsuit in opposition to Twitter was filed by Agrawal, former Chief Authorized Officer Vijaya Gadde, and former Chief Monetary Officer Ned Segal, all of whom had been fired by present CEO Elon Musk proper after he purchased Twitter in October 2022. Musk reportedly fired the executives “for trigger” in a attainable try to keep away from paying golden parachute offers.

Learn 12 remaining paragraphs | Feedback

Leave a Reply

Your email address will not be published. Required fields are marked *