$1 Million Lawsuit Filed Against Twitter By Top Ousted Executives, Including Parag Agarwal

Twitter's three key ousted executives have filed a lawsuit against the Elon Musk-owned micro-blogging company seeking reimbursements for costs of investigations, litigation and congressional inquiries.

The former Twitter CEO and then-chief financial officer Ned Segal provided testimony to the SEC last year and "have continued to engage with federal authorities."

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Twitter's three key ousted executives, including former CEO Parag Agarwal, have filed a lawsuit against the Elon Musk-owned micro-blogging company seeking reimbursements for costs of investigations, litigation and congressional inquiries after their ouster from the company. The ousted Twitter executives have claimed that the company owes them more than $1 million and that Twitter is legally bound to pay them, says a report by news agency AFP.

The AFP report added that a query sent to Twitter in this regard got a 'poop emoji' as a response, which has become the micro-blogging company's practice.

The former Twitter CEO and then-chief financial officer Ned Segal provided testimony to the SEC last year and "have continued to engage with federal authorities," according to court documents.

Former Twitter chief legal officer Vijaya Gadde was called on to take part in a US congressional hearing about big tech and free speech following Musk's release late last year of so-called "Twitter Files" related to the site's content moderation, the report added.

The ex-Indian-origin Twitter CEO Agrawal, who continued to do his job to change the platform for better "despite the noise" coming from Elon Musk, never put his foot down against the Tesla CEO, previous reports said. Agrawal, who took over from Jack Dorsey in November last year and later sacked by Musk, had said that he took the job to change Twitter for the better, "course correct where we need to, and strengthen the service". 

Agrawal, who was earlier the chief technology officer at Twitter, was appointed to the post of CEO by co-founder Jack Dorsey in November 2021. His total compensation for that year was $30.4 million, which was largely in stock awards, according to the Reuters report.

Meanwhile, Twitter chief Musk has recently reacted to the viral image of the company's San Francisco headquarters being renamed as 'Titter' and said that he painted the alphabet 'W' on Twitter HQ's board white, to match the background colour. The sudden change in name was apparently a result of an online poll run by Musk on the micro-blogging platform last year.

This comes just a week after Twitter's signature blue-bird logo was changed to the 'Doge' meme briefly last week, which was apparently done as a joke pulled by Musk, leading to a price rally for the memecoin.