Twitter's former CEO sued the company, claiming that litigation costs and expenses for responding to judicial authorities' investigations have not been paid
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Former Twitter CEO Parag Agrawal and two former executives have filed a lawsuit against Twitter. The three plaintiffs asked Twitter to pay individual costs, saying that more than $ 1 million (about 130 million yen) in legal costs, such as those related to an investigation by the Department of Justice, had not been paid. I'm here.
Justice Department Recently Looked Into Twitter, Lawsuit Says - The New York Times
https://www.nytimes.com/2023/04/10/technology/twitter-lawsuit-justice-department.html
Ex-Twitter CEO sues over unpaid legal fees, cites DOJ probe
Ex-Twitter CEO who was fired by Musk sues company over unpaid legal expenses | Ars Technica
Twitter is being sued by former CEO Parag Agrawal, former chief legal officer Vijaya Gadde, and chief financial officer Ned Segal. The three were dismissed the same day Elon Musk acquired Twitter on October 27, 2022 and became CEO.
Mr. Mask dismisses Twitter's CEO and CFO, ``Do not make Twitter a hell picture of free participation'' and set restrictions on speech-GIGAZINE
In a complaint filed in Delaware state court on April 10, 2023 (PDF file) , the three allege the large amount of personal expenses they incurred in responding to lawsuits and investigations during their tenure at Twitter. It claims that Twitter 'refused to transfer payment for the bill.'
In this lawsuit, the three people are seeking payment from Twitter, including attorney fees paid to respond to shareholder derivative lawsuits and investigations by the Department of Justice and the Securities and Exchange Commission (SEC) that were conducted while in office. It contains.
Although it is not disclosed what kind of investigation it is specifically, the investigation into Twitter by the authorities includes the investigation on privacy practices conducted by the Federal Trade Commission (FTC). In May 2022, prior to Musk's acquisition, Twitter was ordered by the FTC to pay a $150 million fine for violating a 2011 privacy settlement. rice field.
Twitter to pay a fine of 19 billion yen to the Federal Trade Commission for misuse of personal information - GIGAZINE
The New York Times points out that the Department of Justice also participated in the FTC investigation in this case. The SEC is also investigating Musk's alleged regulatory violations for delaying disclosure of his acquisition of a portion of Twitter's shares in early 2022, and the Justice Department is also investigating legal violations. Get involved.
In addition, two of the three people who sued Twitter this time, Mr. Agrawal and Mr. Segal, are also defendants in a class action lawsuit in which Twitter was sued for misleading investors by failing to disclose information about security issues. In addition, Mr. Gadde has been subpoenaed to a congressional hearing on suspicion of Twitter's 'social media bias', and the charge is said to include the cost of that.
Ars Technica, an IT news site, reported, ``I contacted Twitter about the lawsuit, but the company continues to automatically reply with a poop emoji to all requests that arrive at its public relations email address.'' Did.
Lawsuits over unpaid costs have plagued the company since Musk acquired Twitter. In January 2023, Twitter was sued by office owners for delinquent rent at its headquarters, and several lawsuits have been filed by consultant vendors.
Twitter has been sued by landlords, consultants and vendors for more than 1.8 billion yen in delinquency - GIGAZINE
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