Former Twitter Chairman Omid Kordestani sued the social media corporate, claiming that billionaire proprietor Elon Musk is refusing to money out greater than $20 million virtue of stocks he’s owed.
Kordestani served as the corporate’s government chairman from 2015 to 2020 and stayed at the board for 2 extra years, till Musk purchased the platform for $44 billion. He stated within the grievance that the majority of his reimbursement used to be conserve, which he says Musk is refusing to pay out.
Legal professionals for the previous chairman declare that X Corp., as Musk renamed the corporate, is looking for to “reap the benefits of Mr. Kordestani’s seven years of service to Twitter without paying him for it.”
The lawsuit, filed in California Superb Courtroom in San Francisco, is the original in a form of criminal movements taken in opposition to Musk through former leaders at Twitter since he took over. In March, 4 ex-executives sued Musk for allegedly withholding greater than $128 million in severance bills later they had been ousted from the corporate.
X declined to remark.
Sooner than his life at Twitter, Kordestani used to be an established industry chief at Alphabet Inc.’s Google.
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