India, Aug. 22 -- Elon Musk's social media company, X Corp, has reached a tentative settlement in a high-profile lawsuit brought by former Twitter employees who claimed they were denied $500 million in severance pay.
The agreement was disclosed in a Wednesday filing, with both parties requesting the 9th U.S. Court of Appeals in San Francisco to postpone an upcoming hearing while final terms are finalized. Financial details of the deal remain under wraps and will require court approval.
The legal battle traces back to Musk's 2022 acquisition of Twitter, now rebranded X, which triggered the dismissal of roughly 6,000 employees over half the workforce. Plaintiffs argued that under
Twitter's 2019 severance plan, laid-off staff were entitled ...