Omid Kordestani, who was once Twitter’s government chairman from 2015 to 2020 and served at the board till Elon Musk received it in 2022, is suing X over $20 million value of stocks he says the corporate is refusing to pay. Kordestani filed the lawsuit on Friday with a California awesome court docket.
According to the lawsuit, Kordestani left a prime paying activity at Google to enroll in Twitter, which presented him a “considerably decrease” wage of simply $50,000 however sweetened the maintain inventory choices, performance-based limited inventory gadgets and limited inventory gadgets. Those — amounting to $20,112,000 — have been intended to had been paid out when Musk received Twitter and changed the board, however X has failed to take action, in line with the lawsuit. “X Corp. seeks to take advantage of Mr. Kordestani’s seven years of carrier to Twitter with out paying him for it, regardless of transparent contractual language requiring X Corp. to take action,” it says.
A couple of court cases had been filed within the wake of Musk’s Twitter acquisition from staff alleging they weren’t paid correctly once they have been laid off or fired. Former Twitter executives sued Musk and X previous this , claiming they have been fired “with out explanation why” and are owed thousands and thousands of bucks in unpaid severance. The newest lawsuit says that “Mr. Kordestani is one of the former Twitter staff whose repayment has been wrongfully withheld by means of X Corp. following Elon Musk’s acquire of the Corporate in October 2022.”
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