X Corp. has reached a settlement with four former Twitter leaders — ex-CEO Parag Agrawal, former CFO Ned Segal, former chief legal officer Vijaya Gadde, and former general counsel Sean Edgett — resolving their lawsuit over unpaid severance tied to Elon Musk’s acquisition. Terms of the settlement were not disclosed.
The executives alleged they were collectively owed $128 million under change-in-control provisions, including one year of salary and stock-based compensation. A recent filing in San Francisco federal court noted the settlement and pushed back case deadlines to allow it to be finalized. The companies did not disclose financial terms.
In court papers, the former executives said Musk falsely accused them of misconduct and forced them out after they sought to hold him to the $44 billion purchase agreement. X has denied wrongdoing, saying they were terminated for performance reasons.
The deal closes one of several legal aftershocks from the 2022 takeover and mass layoffs that followed, including a separate settlement X reached with rank-and-file employees over severance claims. It also removes a high-profile dispute as the company continues to operate under its new brand and leadership.
