Elon Musk beats $500 million severance lawsuit by fired Twitter workers
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Elon Musk has won the dismissal of a lawsuit claiming he refused to pay at least $500 million of severance to thousands of Twitter employees he fired in mass layoffs after buying the social media company now known as X. The federal Employee Retirement Income Security Act did not cover the former employees' claims, according to U.S. District Judge Trina Thompson in San Francisco. Musk has faced multiple lawsuits accusing him of reneging on promises to former Twitter employees and vendors after acquiring the company for $44 billion in October 2022.
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https://www.investing.com/news/stock-market-news/elon-musk-beats-500-million-severance-lawsuit-by-fired-twitter-workers-3514167
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