Ex-Twitter executives file lawsuit against the social network

Ex-Twitter executives filed a collective lawsuit on Monday against the platform, demanding that it reimburse them for legal expenses incurred in connection with shareholder lawsuits and authorities’ investigations into their former company.

Parag Agrawal, the social network’s former boss, Vijaya Gadde, the former legal director and Ned Segal, the former chief financial officer, are claiming more than $1 million from Twitter, according to the complaint filed with a specialized court in Delaware.

They were all fired by Elon Musk on October 27, 2022, the day the boss of Tesla and SpaceX bought the platform.

The complaint reports numerous legal costs related to lawsuits but also to investigations by the SEC (the American stock market policeman) and the Department of Justice. It does not specify the nature of the ministry’s investigation, nor whether it is still relevant.

The SEC is investigating whether Elon Musk followed the rules when he took a stake in Twitter.