Overview
- Musk's attempt to dismiss the severance claims by former Twitter CEO Parag Agrawal and other top executives was rejected by the court.
- The lawsuit alleges that Musk terminated the executives to avoid paying severance, citing a $200 million difference in costs if the deal closed later.
- The executives claim they are owed one year's salary plus unvested stock awards as part of their severance package.
- At least one former employee has already been awarded unpaid severance in a private arbitration, potentially setting a precedent for other cases.
- Judge Maxine Chesney is overseeing additional lawsuits from former Twitter executives seeking compensation for lost severance.