Enlarge / Then-Twitter CEO Parag Agrawal walks to a morning session during the Allen & Company Sun Valley Conference on July 7, 2022, in Sun Valley, Idaho. (credit: Getty Images | Kevin Dietsch )
Elon Musk's X Corp. has to pay $1.1 million in reimbursements for legal fees to former Twitter executives that he fired, including ex-CEO Parag Agrawal, a judge reportedly ruled yesterday. Delaware Court of Chancery Judge Kathaleen McCormick ruled against Musk's firm during a hearing yesterday, Bloomberg reported.
The former Twitter executives said that after being fired by Musk, the company now known as X refused to reimburse them for expenses related to federal investigations and civil lawsuits. The former executives' lawsuit filed in April said the company "has breached its obligations... by refusing to advance Plaintiffs' Expenses."
"After hearing arguments, McCormick noted Delaware courts lean in favor of granting executives' request to have legal fees covered when tied to their actions on behalf of companies. She said she didn't see any reason to deviate from the norm in the case," Bloomberg wrote.
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