Musk loses bid to dismiss ex-Twitter CEO Parag Agrawal's severance lawsuit

Quick Summary:

They allege they’re owed severance benefits equal to one year’s salary plus unvested stock awards valued at the acquisition price.

US District Judge Maxine Chesney on Friday rejected arguments by Musk’s lawyers that Agrawal’s claims should be dismissed.

At least one former employee was awarded unpaid severance in September in a closed-door arbitration that could set a precedent for other similar cases, the worker’s lawyer told Bloomberg News.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Elon Musk California Parag Agrawal Lawsuit Twitter

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-02 @ 10:32:30 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 435 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Business Standard

News ID: 23368298

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