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Elon Musk Defeats $500 Million Lawsuit Over Twitter Mass Layoffs

July 11th, 2024
Categories: News

Link: https://www.zerohedge.com/personal-finance/elon-musk-defeats-500-million-lawsuit-over-twitter-mass-layoffs

Mr. Musk and X Corp. (Twitter was rebranded as X in July 2023) were accused of violating provisions of the federal Employee Retirement Income Security Act (ERISA) by allegedly misleading employees about whether he'd honor a severance plan “at least as favorable” as one developed by prior Twitter management, leading some staff to stay at the company longer than they otherwise would have and getting less severance pay than they expected when they were let go.

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