Former Twitter CEO Parag Agrawal, CFO Ned Segal, and former head of legal Vijaya Gadde are taking legal action against the company for not paying their legal fees that accumulated to more than $1 million while they were employed. The executives were responding to inquiries from the Securities and Exchange Commission (SEC) and the Justice Department, which began before Elon Musk purchased the social media platform.
The lawsuit alleges that the executives were fired without receiving the compensation and severance they were owed. Twitter’s existing agreements and bylaws guarantee that the company will pay legal fees incurred in the line of work.
Twitter has faced criticism in the past for not paying its bills. It is currently facing multiple lawsuits for non-payment. A spokesperson for Segal and Gadde, Aaron Zamost, stated that “Once again, Twitter has failed to honor its contractual obligations to pay its bills.”
This situation highlights the importance of companies fulfilling their contractual obligations and treating their employees fairly. It remains to be seen how the lawsuit will be resolved and what impact it may have on Twitter’s reputation in the tech industry.