Former Twitter Chairman Sues Elon Musk's X for $20 Million in Unpaid Shares
Omid Kordestani claims Musk's company failed to cash out his stock compensation after the acquisition.
- Kordestani served as Twitter's executive chairman from 2015 to 2020 and remained on the board until Musk's acquisition.
- The lawsuit, filed in California, alleges that Musk's company is withholding over $20 million worth of shares.
- This legal action is part of a series of lawsuits by former Twitter executives against Musk's X for unpaid compensations.
- In March, four ex-executives sued Musk for allegedly withholding $128 million in severance payments.
- X Corp. has not provided any comments on the ongoing legal disputes.