Former senior executives of Twitter have sued the company in an attempt to recover more than US$1 million in legal expenses incurred by responding to shareholder lawsuits, federal investigations and a congressional hearing, according to a complaint filed Monday in Delaware Chancery Court.
The lawsuit by former Twitter CEO Parag Agrawal, former chief legal officer Vijaya Gadde and former chief financial officer Ned Segal alleges that Twitter has failed to reimburse them for lawyers' fees in accordance with prior agreements with the company. Elon Musk fired the executives immediately after completing his acquisition of the company.Twitter, which cut much of its public relations team last year, did not immediately respond to CNN's request for comment.
The complaint also describes legal fees linked to probes by the Securities and Exchange Commission and the Justice Department, though without disclosing many specifics of the investigations. The references to federal investigations underscore the continuing legal risk for Twitter under Musk, who is simultaneously struggling to shore up company finances while pushing a skeleton crew to make significant changes to the product.
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