Elon Musk has agreed to pay an undisclosed sum to settle a dispute with four former Twitter executives over their dismissal on the day he acquired the social network, now known as X, a court filing said on Wednesday.
When the world鈥檚 richest man purchased Twitter for $44 billion in October 2022, he immediately fired CEO Parag Agrawal, CFO Ned Segal, and top legal officers Vijaya Gadde and Sean Edgett, accusing them of gross negligence and wilful misconduct.
The four executives sued in federal court in San Francisco in March 2024, seeking $128 million. They alleged they were dismissed without cause and that Musk then tried unsuccessfully to fabricate grievances against them.
They also accused him of rushing the Twitter acquisition to deprive them of $200 million in stock options due the following day.
The settlement amount Musk is not specified in the provisional agreement submitted to a judge.
It remains subject to several conditions. If those conditions are not met, the lawsuit will resume on October 31.