A US judge ruled that X Company, formerly known as Twitter, must pay $1.1 million in legal fees related to investigations related to the platform that unfolded during Elon Musk’s purchase of the platform last year, according to Bloomberg.
This comes after Delaware District Court Judge Kathleen St. J. McCormick ruled in favor of former Twitter CEO Parag Agrawal, former chief policy officer Vijaya Gade, and other executives, because Twitter “violated its duties to cover legal expenses resulting from their work.” For the sake of the company.
Elon Musk fired Agrawal and other company leaders as soon as he took over the company and after Twitter filed a lawsuit against Musk for trying to back out of his $44 billion acquisition agreement.
In April, Agrawal and Gaddy filed a lawsuit against “X” for allegedly failing to pay their legal bills, including those for Gaddy’s appearance before the House Oversight and Reform Committee. “X” only paid about $600,000 of the amount owed, according to Bloomberg reports, with the company’s lawyer saying that “X” officials were shocked after they saw the “very excessive” legal bill of $1.1 million from “Gade” lawyers.
Judge McCormick said: “I have reviewed the amount involved, and although it is high and perhaps higher than most human beings would be willing to pay, it is not unreasonable.”
2023-10-05 22:05:19
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