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.