Elon Musk and Company Clear of $500M Severance Pay Lawsuit Allegations

Wednesday, 10 July 2024, 08:22

Elon Musk and his company, X, emerged victorious in a legal battle against a $500 million severance pay lawsuit filed by ex-Twitter staff. The lawsuit claimed that Musk and X were liable for severance pay owed to approximately 6,000 former Twitter employees under the Employment Retirement Income Security Act (ERISA). Despite the allegations, the court ruled in favor of Musk and his company, putting an end to the legal dispute.

Teslarati — Elon Musk and Company Clear of $500M Severance Pay Lawsuit Allegations

Elon Musk and Company Successfully Defend Against $500M Severance Pay Lawsuit

The lawsuit alleged that Elon Musk and X owe at least $500 million in severance pay to about 6,000 ex-Twitter workers under the ERISA.

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