Elon Musk has successfully had a lawsuit dismissed that claimed he refused to pay at least $500 million in severance. The claim was made by former employees that Musk refused severance to thousands of Twitter employees laid off after his acquisition of the social- media company, now known as ...
Elon Musk won dismissal of a lawsuit claiming he refused to pay at least $500 million of severance to thousands of Twitter employees he fired in mass layoffs after buying the social media company now known as X. U.S. District Judge Trina Thompson in San Francisco ruled on Tuesday that the...
Tesla CEO Elon Musk took the witness stand Wednesday to defend himself in a shareholder lawsuit challenging a compensation package he was awarded by the company’s board of directors that is potentially worth more than $55 billion. Musk denied that he dictated terms of the compensation pa...
Since its inception, OpenAI has secured billions in investments from companies like Microsoft. Musk’s revised lawsuit accuses OpenAI of becoming monopolistic due to its partnership with Microsoft, which Musk argues is designed to stifle competition, including his own xAI. Musk’s lawsuit includes 26...
Musk faces a defamation suit for allegedly promoting a conspiracy theory that falsely identified a California Jewish man as involved in a scheme to discredit right-wing groups by posing as a neo-Nazi street brawler. At stake: Ben Brody, who filed the lawsuit, is seeking at least $1 million...
Musk responded to a question on Twitter about whether he had accused Unsworth of being a pedophile by saying, “Bet ya a signed dollar it’s true.” He told a Buzzfeed reporter seeking comment on the threat of a lawsuit by Unsworth to “stop defending child rapists,” followed by ex...
After it was initially approved in 2018, the pay package sparked a lawsuit from some Tesla shareholders who accused Musk and Tesla's board of directors of breaching their duties and unjustly enriching the billionaire. In January 2024, McCormickhad ruledthat Musk and his company failed to prove...
Musk said in follow-up posts that he was waiting for a ruling in the shareholder lawsuit before taking his proposal for a larger ownership stake to the board. “The reason for no new ‘compensation plan’ is that we are still waiting for a decision in my Delaware compensation case,”...
That package, approved in 2018 by Tesla shareholders, sparked a shareholder lawsuit that accused Musk and Tesla's board of directors of breaching their duties and unjustly enriching the billionaire. A Delaware judge ruled that Musk and his company failed to prove that the massive payout was fair...
X stands accused of failing to pay out annual bonuses to staff after its October 2022 acquisition by billionaire Elon Musk – despite repeated assurances from executives in the lead-up to and following the deal that the company would do so, according to a lawsuit filed in June 2023 on behalf...