"A court order signed on October 1 in the US Northern District Court of California indicates that the two sides have reached a settlement, although it does not detail the terms. The court order delays depositions, including of Musk, that were set to take place by the end of October to allow "the Parties to meet conditions required under the settlement." The Verge first reported on the court order and settlement information."
"The lawsuit refers to portions of the authorized Elon Musk biography by Walter Isaacson published in 2023, in which Isaacson wrote Musk did not want the executives to collect their severance or vest the stock options "because of the price he was paying and his conviction that Twitter's management had misled him." Instead, the book says Musk pushed through a faster close of the Twitter sale so that he could fire the executives "for cause.""
Elon Musk and X reached a settlement with former Twitter executives over $128 million in alleged unpaid severance following the 2022 acquisition. The executives—Parag Agrawal, Ned Segal, Vijaya Gadde and Sean Edgett—filed suit in 2024 alleging Musk withheld severance as "revenge" after attempting to abandon the $44 billion deal. All four were fired within hours after Musk took control, one day before $200 million in severance and vested stock options would have vested. The complaint alleges Musk sought to prevent severance and vesting by accelerating the sale and terminating executives "for cause," claims the executives say were unsubstantiated. A court order dated October 1 delays depositions pending settlement conditions.
Read at ABC7 San Francisco
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