Mon. Jul 8th, 2024

Former Twitter CEO Sues Over Unpaid Bills<!-- wp:html --><p>Brendan McDermid/Reuters </p> <p>Three former Twitter executives who were <a href="https://www.thedailybeast.com/its-doomsday-for-twitter-staff-as-elon-musk-takes-the-reins">terminated by Elon Musk</a> sued the company on Monday, alleging that they are owed reimbursement for more than $1 million in legal fees.</p> <p>The executives are former CEO <a href="https://www.thedailybeast.com/twitter-boss-parag-agrawal-tries-to-calm-nerves-after-elon-musks-latest-chaos">Parag Agrawal</a>, chief legal officer Vijaya Gadde, and chief financial officer Ned Segal.</p> <p>According to the lawsuit, which was filed in Delaware Chancery Court, Twitter agreed to indemnify the execs in the case of litigation or other situations where they required counsel. But after their departure, they say, the company failed to uphold those agreements. Instead, two months after the plaintiffs demanded payment in writing, Twitter offered only “a cursory acknowledgement of receipt, but still refused to acknowledge its obligations.”</p> <p><a href="https://www.thedailybeast.com/former-twitter-ceo-parag-agrawal-sues-over-unpaid-bills">Read more at The Daily Beast.</a></p> <p>Got a tip? Send it to The Daily Beast <a href="https://www.thedailybeast.com/tips">here</a></p><!-- /wp:html -->

Brendan McDermid/Reuters

Three former Twitter executives who were terminated by Elon Musk sued the company on Monday, alleging that they are owed reimbursement for more than $1 million in legal fees.

The executives are former CEO Parag Agrawal, chief legal officer Vijaya Gadde, and chief financial officer Ned Segal.

According to the lawsuit, which was filed in Delaware Chancery Court, Twitter agreed to indemnify the execs in the case of litigation or other situations where they required counsel. But after their departure, they say, the company failed to uphold those agreements. Instead, two months after the plaintiffs demanded payment in writing, Twitter offered only “a cursory acknowledgement of receipt, but still refused to acknowledge its obligations.”

Read more at The Daily Beast.

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