Ousted execs sue Twitter for job-related legal bills / Photo: -, Lionel BONAVENTURE, JIM WATSON - TWITTER/AFP
-
Meloni and Merz: EU's new power couple
-
Veteran Tajik leader's absence raises health questions
-
EU must 'tear down barriers' to become 'global giant': von der Leyen
-
US grand jury rejects bid to indict Democrats over illegal orders video
-
Struggling brewer Heineken to cut up to 6,000 jobs
-
Asian stock markets rise, dollar dips as traders await US jobs
-
Britain's Harris Dickinson on John Lennon, directing and news overload
-
9 killed in Canada mass shooting that targeted school, residence
-
Wembanyama scores 40 as Spurs rout Lakers, Pacers stun Knicks
-
UK's crumbling canals threatened with collapse
-
Hong Kong convicts father of wanted activist over handling of funds
-
Australia charges two Chinese nationals with foreign interference
-
'Overloading' may have led to deadly Philippine ferry sinking
-
Bangladesh to vote on democratic reform charter
-
China coach warns of 'gap' ahead of Women's Asian Cup title defence
-
Glitzy Oscar nominees luncheon back one year after LA fires
-
Pacers outlast Knicks in overtime
-
9 killed in Canada mass shooting that targeted school, residence: police
-
De Zerbi leaves Marseille 'by mutual agreement'
-
Netanyahu to push Trump on Iran missiles in White House talks
-
England captain Stokes has surgery after being hit in face by ball
-
Rennie, Joseph lead running to become next All Blacks coach
-
Asian stock markets mixed as traders weigh US data, await jobs
-
Australian Olympic snowboarder airlifted to hospital with broken neck
-
Moderna says US refusing to review mRNA-based flu shot
-
'Artists of steel': Japanese swords forge new fanbase
-
New York model, carved in a basement, goes on display
-
Noisy humans harm birds and affect breeding success: study
-
More American women holding multiple jobs as high costs sting
-
Charcoal or solar panels? A tale of two Cubas
-
Genflow Biosciences PLC Announces Notice of GM
-
Tocvan Announces Restart Of Exploration Drilling At The Gran Pilar Project South Block
-
Corporate Treasury & Digital Infrastructure Note: The Active Management Divergence
-
Several wounded in clashes at Albania opposition rally
-
Chelsea's draw with Leeds 'bitter pill' for Rosenior
-
'On autopilot': US skate star Malinin nears more Olympic gold
-
Carrick frustrated by Man Utd's lack of sharpness in West Ham draw
-
Frank confident of keeping Spurs job despite Newcastle defeat
-
James's All-NBA streak ends as Lakers rule superstar out of Spurs clash
-
Anti-Khamenei slogans in Tehran on eve of revolution anniversary: social media footage
-
Colombian senator kidnapped, president targeted in election run-up
-
Britney Spears sells rights to her music catalog: US media
-
West Ham end Man Utd's winning run, Spurs sink to 16th
-
US skate star Malinin leads after short programme in Olympics
-
Man Utd's Sesko strikes late to rescue West Ham draw
-
Shiffrin flops at Winter Olympics as helmet row grows
-
Celtics' Tatum practices with G League team but injury return uncertain
-
Gisele Pelicot publishes memoirs after rape trial ordeal
-
Newcastle beat sorry Spurs to leave Frank on the brink
-
'Outrage' as LGBTQ Pride flag removed from Stonewall monument
NYSE - LSE
Ousted execs sue Twitter for job-related legal bills
Three top Twitter executives who were sacked by Elon Musk last year when he took over the social media company filed suit on Monday, seeking to be reimbursed for costs of litigation, investigations and congressional inquiries related to their former jobs.
Ex-CEO Parag Agrawal, along with the company's former chief legal and financial officers, claim in the suit that they are owed a total of more than $1 million, and that Twitter is legally bound to pay them.
Twitter responded to an AFP request for comment with a poop emoji, as has become its practice.
The court filing outlined numerous expenses related to inquiries by the US Securities and Exchange Commission (SEC) and the Department of Justice (DOJ), but does not include details on the nature of the investigations or whether they are still ongoing.
Agrawal and then-chief financial officer Ned Segal provided testimony to the SEC last year and "have continued to engage with federal authorities," according to court documents.
The SEC is investigating whether Musk complied with securities rules when he amassed Twitter shares.
Former Twitter chief legal officer Vijaya Gadde was called on to take part in a US congressional hearing about big tech and free speech following Musk's release late last year of so-called "Twitter Files" related to the site's content moderation.
Gadde was also named as a defendant in a lawsuit by a man who claimed he was "doxed" at Twitter as a white supremacist, the filing said.
Musked terminated Agrawal, Gadde and Segal from their posts in late October after closing his contentious $44 billion takeover of Twitter.
The three former executives argue that Twitter is bound by agreements to reimburse them, but has done no more than acknowledge it received their invoices.
After taking over Twitter, Musk quickly slashed the ranks of employees, with the cuts so broad it raised concerns about the platform's stability and its ability to fight misinformation and other abuse.
Complaints have also been filed accusing Twitter of not paying rent or other bills as Musk follows on a vow to "cut costs like crazy."
Meanwhile, market trackers say advertising revenue has plunged at Twitter due to concerns over misinformation and hateful content flourishing as Musk dials back moderation efforts.
L.Mason--AMWN
