Twitter ex-CEO Parag Agrawal and other ousted executives sue the company for 1 million USD

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Three top executives of Twitter who were fired by Elon Musk last year when he took over the company filed suit on Monday, seeking reimbursement for costs of litigation, investigations, and congressional inquiries related to their jobs. 

Twitter ex-CEO Parag Agrawal and other ousted executives sue the company for 1 million USD


Ex-CEO Parag Agrawal, with Twitter's former chief legal and financial officers, claims in the suit that they owed a total of over 1 million USD and that Twitter is legally bound to pay them. 


The suit 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. 


Parag Agrawal and former chief financial officer Ned Segal provided testimony to the SEC last year and have continued to engage with federal authorities. 


The SEC is investigating whether Elon 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.


Musk terminated Agrawal, Gadde, and Segal from their posts in late October after closing his contentious 44 billion USD 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.


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