Elon Musk and Twitter are being sued by former employees who allege the company failed to pay their promised severance packages. The suit seeks damages of at least $500 million.
also reached out to Alex Spiro, a partner with Quinn Emanuel Urquhart & Sullivan, the law firm that has represented Twitter in various legal matters.
Prior to Musk’s takeover, Twitter had a severance plan, which was an employee benefit plan under the Employee Retirement Income Security Act of 1974 , the lawsuit alleges. Prior to the tech mogul’s closing the deal, Musk and Twitter gave multiple assurances to employees that Twitter would continue to pay benefits under the severance plan, according to the complaint.
“Musk initially represented to employees that under his leadership Twitter would continue to abide by the severance plan,” Kate Mueting, Sanford Heisler Sharp’s firm administrative partner in Washington, D.C., said in a statement. “He apparently made these promises knowing that they were necessary to prevent mass resignations that would have threatened the viability of the merger and the vitality of Twitter itself.
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