Elon Musk Prevails in $500 Million Severance Lawsuit by Dismissal
Elon Musk has emerged victorious as a US court dismissed a lawsuit seeking over $500 million in severance payments to thousands of Twitter employees he laid off following the acquisition of the social media platform. The federal Employee Retirement Income Security Act (ERISA) was deemed inapplicable to the claims, leading to the jurisdiction being questioned.
This legal triumph adds to a series of lawsuits targeting Musk for alleged breaches of promises made to former Twitter employees and suppliers after acquiring the company for $44 billion in October 2022.
The press radar on this topic:
Elon Musk beats $500 million severance lawsuit by fired Twitter workers
Elon Musk beats $500m severance suit over mass Twitter layoffs
Elon Musk does not owe ex-Twitter staffers $500 million in severance, court rules
Welcome!

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand