Elon Musk and former Twitter execs agree to settle $128 million lawsuit

Elon Musk and former Twitter executives have agreed to settle a $128 million lawsuit over unpaid severance benefits. The lawsuit was filed by former Twitter CEO Parag Agrawal, CFO Ned Segal, chief legal officer Vijaya Gadde, and general counsel Sean Edgett after Musk fired them during his acquisition of the social media platform. The settlement is subject to certain conditions being met in the near term, and it will postpone existing deadlines in the case to allow Musk to fulfill his obligations. The lawsuit likely would not have happened if Musk had not initially tried to back out of the $44 billion Twitter acquisition, which the company later forced him to complete. The early days of Musk's ownership were characterized by drastic cost-saving measures, including mass layoffs and the decision to not pay rent for some of the company's offices. The settlement of this lawsuit closes the book on the original Twitter saga, with a dismissal of the lawsuit being the only remaining milestone.