TECH - Elon Musk Faces Another Legal Battle — Ex-Twitter Executive Says X Owner 'Cheated' Him And Others Out Of $200M In Severance Benefits | Benzinga
Tesla Inc. and SpaceX CEO Elon Musk is embroiled in yet another legal dispute. This time a former Twitter (now rebranded as X) executive has alleged that Musk’s actions cost him and other top executives $200 million in severance.
What Happened: The lawsuit was filed by Robert Kaiden, Twitter’s former chief accounting officer, in the Northern District Court of California.
Kaiden claims that Musk, who acquired Twitter in October 2022, falsely accused him and other executives of misconduct to avoid paying millions in severance, reported Business Insider.
He also alleged that Musk “cheated” him and other executives out of a combined $200 million in severance benefits. The lawsuit also claims that the committee overseeing Kaiden’s severance claim was a “sham” staffed by employees from the tech billionaire’s other companies.