Three high Twitter executives who had been sacked by Elon Musk final yr when he took over the social media firm filed a lawsuit on Monday, searching for to be reimbursed for prices of litigation, investigations and congressional inquiries associated to their former jobs.
Ex-CEO Parag Agrawal, together with the corporate’s former chief authorized and monetary officers, declare within the swimsuit that they’re owed a complete of greater than $1 million and that Twitter is legally certain to pay them.
Twitter responded to an Agence France-Presse (AFP) request for remark with a poop emoji, as has turn out to be its observe.
The court docket submitting outlined quite a few bills associated to inquiries by the U.S. Securities and Exchange Commission (SEC) and the Department of Justice (DOJ), however doesn’t embody particulars on the character of the investigations or whether or not they’re nonetheless ongoing.
Agrawal and then-chief monetary officer Ned Segal supplied testimony to the SEC final yr and “have continued to engage with federal authorities,” in accordance with court docket paperwork.
The SEC is investigating whether or not Musk complied with securities guidelines when he amassed Twitter shares.
Former Twitter chief authorized officer Vijaya Gadde was known as on to participate in a U.S. congressional listening to about large tech and free speech following Musk’s launch late final yr of so-called “Twitter Files” associated to the positioning’s content material moderation.
Gadde was additionally named as a defendant in a lawsuit by a person who claimed he was “doxed” at Twitter as a white supremacist, the submitting stated.
Musked terminated Agrawal, Gadde and Segal from their posts in late October after closing his contentious $44 billion takeover of Twitter.
The three former executives argue that Twitter is certain by agreements to reimburse them, however has completed not more than acknowledge it acquired their invoices.
After taking up Twitter, Musk shortly slashed the ranks of workers, with the cuts so broad it raised considerations in regards to the platform’s stability and its capability to combat misinformation and different abuse.
Complaints have additionally been filed accusing Twitter of not paying lease or different payments as Musk follows on a vow to “cut costs like crazy.”
Meanwhile, market trackers say promoting income has plunged at Twitter resulting from considerations over misinformation and hateful content material flourishing as Musk dials again moderation efforts.
Source: www.dailysabah.com
