Elon Musk To Pay Parag Agarwal And His Executives $1.1 Million As Unpaid Legal Fees

Elon Musk, the owner and Chairman of X Corp, the former Twitter, is to pay $1.1 million to former Twitter CEO Parag Agarwal and other former executives for the unpaid legal dues. The payment of $1.1 million was ordered by a judge to the group of executives as legal fees as part of the investigations in the suit which was filed by the group.

The Delaware Chancery Court Judge Kathaleen McCormick had ruled favouring a group of executives including Agarwal and Vijaya Gadde, who was the policy executive, and others. The charge against X Corp head is that of violation of its duties in covering the legal expenses generated by the group’s work for the company.

The group had sued the company in April saying that the company did not pay for the investigations done for the social media platform’s operations. The legal bills had come up to $11,58,427 in lawyers’ fees for the representing the former executives in a congressional inquiry, including Gadde”s appearance before the House Committee on Oversight and Reform said the TOI.

When Elon Musk took over Twitter, he is said to have refused to pay to many vendors. The failure to pay to vendors for consultations and similar charges have added to lining of suits against Musk. Musk had taken over the company for $44 billion last year.

The group’s lawyers told the Judge that the company has paid only $6,00,000 of the total amount that was due and that the company has not paid the legal expenses accrued from their work for twitter which is tied up with the investigations of the social media platforms operations.

After the arguments were aired, Judge McCormick ruling in favour of the executives group dint find any cause to deviate from the norm in the case, the TOI reported.