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Former Top Executives are Suing Twitter for Compensation Lawsuits

Three former Twitter executives are suing the social media company because they want compensation for lawsuits, investigations and a hearing by the US Congress.

Executives Parag Agrawal, Vijaya Gadde and Ned Segal were fired by Elon Musk last year when he took over Twitter. But, according to the former board members, Twitter is bound by agreements to reimburse them.

They state that Twitter owes the trio more than a million dollars, the equivalent of more than 916,000 euros. The lawsuit contains charges for investigations at the US securities regulator SEC and the Department of Justice. It is not stated in the requirement why exactly these investigations were held.

Court documents say that Agrawal, Twitter’s chief executive until his resignation, and Segal, the former chief financial officer, gave testimony to the SEC last year and “remain in talks” with authorities. The regulator also launched an investigation into Musk’s purchase of Twitter shares. As director of legal affairs, Gadde has defended Twitter in a congressional hearing on big tech companies and freedom of speech.

Last October, Musk took over Twitter. Since then, more than half of the staff has been laid off. For example, the company no longer has a communications department.

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