Sean Edgett News
28.10 / 09:17
UPS
Twitter
Platform
Deal
elon
Elon Musk completes Twitter deal and immediately fires executives
Elon Musk fired several Twitter executives after completing his takeover of the company, according to people familiar with the matter, capping an unusual corporate battle and setting up one of the world’s most influential social media platforms for potentially broad change.
05.03 / 05:51
05.03 / 02:17
UPS
Twitter
CEO
awards
Bill
Courts
Former Twitter CEO Parag Agrawal, others sue Elon Musk over firings, seek over $128 mn
Twitter are suing Elon Musk and X Corp., saying they are entitled to a total of more than USD 128 million in unpaid severance payments. 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 that they were fired without a reason on the day in 2022 that 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.»
08.07 / 08:15
Provident
Twitter
Platform
Action
Tesla
Discover
SpaceX
elon
Elon Musk's X Corp files lawsuit against Wachtell, Lipton and others. Here's why
Lipton, Rosen & Katz. The lawsuit aims to recover a significant portion of the $90 million fee that the law firm received for successfully preventing Musk from abandoning his $44 billion acquisition of Twitter. The complaint was lodged on Wednesday in the California Superior Court located in San Francisco.
08.07 / 03:53
Twitter
Platform
Tesla
SpaceX
elon
Elon Musk sues Wachtell law firm to recoup fees from Twitter buyout
The complaint by Musk's X Corp, which owns Twitter, was filed on Wednesday in the California Superior Court in San Francisco. Musk accused Wachtell of exploiting Twitter by accepting, in the final days before the October 27, 2022 deadline to buy Twitter, a huge «success» fees doled out by departing Twitter executives who were grateful that Musk would be forced to close. The world's richest person, who also runs Tesla Inc and SpaceX, called the $90 million payout «unconscionable,» given that Wachtell had billed less than one-third that sum for its few months of work on the Delaware lawsuit.
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