Elon Musk has agreed to settle a lawsuit with four former Twitter executives over more than US$128 million in unpaid severance.

The agreement, filed in the US Northern District Court of California, involves ex-CEO Parag Agrawal, CFO Ned Segal, chief legal officer Vijaya Gadde, and general counsel Sean Edgett.

The settlement depends on undisclosed conditions being met, and legal deadlines have been postponed to allow Musk time to comply.

The lawsuit began in March 2024 after the executives claimed Musk closed his US$44 billion Twitter acquisition a day early to prevent their stock options from vesting.

If settlement terms are not fulfilled, the case will resume on October 31, 2025.

🔗 Source: The Verge

Recent Twitter developments