Former Twitter CEO sues firm over unpaid authorized bills

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Twitter’s ex-CEO Parag Agarwal and two different former executives are suing the corporate for refusing to reimburse them for authorized bills. 

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The lawsuit, filed in a Delaware Chancery Court on Monday, seeks over $1 million in reimbursement for authorized charges accrued throughout their time at Twitter. Mr. Agarwal and the opposite executives, ex-Chief Legal Officer Vijaya Gadde and ex-Chief Financial Officer Ned Segal, responded as defendants to a number of federal probes and investigations, that are listed within the lawsuit. 

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The executives apparently requested reimbursement for his or her authorized charges many occasions however have but to obtain something.

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The lawsuit accuses Twitter of breaking its settlement with its staff by failing to reimburse the executives. 

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All three of the plaintiffs haven't labored at Twitter since they have been fired in October following Elon Musk’s takeover of the corporate. 

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The new lawsuit comes after a number of distributors sued Twitter this month for failing to pay hundreds of {dollars} in charges. The firm is also being sued by not less than considered one of its landlords for failing to maintain up with lease funds.

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Twitter has additionally been inundated with lawsuits from former staff who allege that the corporate didn't present enough discover earlier than large firings. In March, the Federal Trade Commission introduced a probe to find out if the agency’s layoffs met federal requirements. 

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Increasing income has been Mr. Musk’s most important purpose whereas introducing a subscription mannequin.

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Twitter couldn't be instantly reached for remark.

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Content Source: www.washingtontimes.com

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