Twitter ’s ex-wife - CEO Parag Agrawal is suing Elon Musk ’s Twitter for the tremendous amount of legal fees Agrawal debate he had to make up out of his own pocket . Agrawal is joined by the company ’s former Chief Legal Officer Vijaya Gadde and former Chief Financial Officer Ned Segal in seeking repayment .
As detailed byThe New York Times , the lawsuit , which was filed in a Delaware chancery court , argues that Agrawal , Gadde , and Segal are ennoble to the $ 1 million in sound fees the trio arrogate to have paid on their own while they were involved in shareholder suit and government investigations . One of those investigation admit an inquiry by the Department of Justice , the goal of which is unclear and not complicate upon in the lawsuit . Agrawal , Gadde , and Segal argue that Twitter has ignored its responsibility to reimburse them for their legal fees .
“ Plaintiffs have incurred significant expenses , including but not throttle to attorneys fee and costs , in connection with several legal proceeding in which Plaintiffs are involve by virtue of their former roles as officer of Twitter , and Plaintiffs accordingly are entitled to advancement of those fees and costs,”the lawsuit argues .
Parag Agrawal, the former CEO of Twitter, at the Allen & Company Sun Valley Conference in Idaho.Image: Kevin Dietsch (Getty Images)
Agrawal and Segal incurred legal expenses from an research by the U.S. Securities and Exchanges Commission in 2022 , the lawsuit claims . Agrawal and Segal provided testimony to the SEC and their legal direction is continuing to engage with the federal governance as of the time of filing the case . Meanwhile , Gadde was a suspect , alongside Twitter , in a 2021 lawsuit and earlier this year prove at a earreach before the House Committee on Oversight and Accountability after receiving a subpoena .
Billionaire Elon Musk officially bought Twitter for $ 44 billion inOctober 2022 , and one of his first steps as possessor was to clean sign of the zodiac and install himself as CEO . Agrawal , Gadde , and Segal were some of the first employee to be cut , with the three having been let gothat same month . In that clip , Musk has instituted several monetary value cutting touchstone in a feverous bid to make Twitter profitable , includingcharging exploiter for basic security feature like substantiation .
Elon MuskLaw , CrimeMuskParag AgrawalService industriesX ( Twitter )
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