Elon Musk defeated a lawsuit claiming additional severance owed to ex-Twitter employees after he dismissed over 6,000 staff, including the former CEO, after acquiring the platform in 2022. The lawsuit alleged that Twitter's previous severance plan promised senior employees up to 6 months of pay and that Musk violated ERISA protections. The judge dismissed the class action lawsuit, saying the mass firings were not under Twitter's previous severance plan as employees were notified of the change.
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00:00It's Benzinga, and here's what's on the block.
00:02Elon Musk defeated a lawsuit claiming additional severance owed to ex-Twitter employees after
00:07he dismissed over 6,000 staff, including the former CEO, after acquiring the platform in
00:122022.
00:14The lawsuit alleged that Twitter's previous severance plan promised senior employees up
00:17to six months of pay and that Musk violated the ERISA protections.
00:22The judge dismissed the class action lawsuit, saying the mass firings were not under Twitter's
00:26previous severance plan, as employees were notified of the change.
00:30For all things money, visit Benzinga.com.