Elon Musk’s X Corp to Pay $1.1M to Parag Agrawal and Other Former Twitter Executives
Parag Agrawal, along with other executives, wins $1.1 million in legal fees from Elon Musk's X Corp
- X Corp (formerly Twitter) has been ordered by a judge to pay $1.1 million in legal fees incurred by a group of its former top executives.
- The executives, including former CEO Parag Agrawal and former top lawyer Vijaya Gadde, argued that Twitter violated its bylaws by not covering legal expenses related to investigations of the company’s operations.
- These executives were ousted when Elon Musk acquired Twitter for $44 billion.
- X Corp has paid about $600,000 of the owed fees but withheld $1,158,427, which were incurred during a congressional inquiry into social media’s influence on US elections.
- The judge ruled in favor of the former executives, emphasizing that Delaware courts typically support covering legal fees tied to executives’ actions on behalf of companies.
