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Search resuls for: "Courtney McMillian"


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The case is one of many accusing Musk of reneging on promises to former Twitter employees, including former Chief Executive Parag Agrawal, and vendors after buying the company for $44 billion in October 2022. Musk also runs the electric car company Tesla, and is the world’s richest person, according to Forbes magazine. The plaintiffs Courtney McMillian, who oversaw Twitter’s compensation and benefits, and Ronald Cooper, an operations manager, said Twitter instead offered fired employees just one month of pay as severance, with no benefits. The judge said the plaintiffs can try amending their complaint, but only for claims not governed by ERISA. The case is McMillian et al v. Musk et al, U.S. District Court, Northern District of California, No.
Persons: CNN — Elon Musk, Trina Thompson, Musk, Parag Agrawal, Courtney McMillian, Ronald Cooper, Twitter, Thompson, Organizations: CNN, U.S, Twitter, Forbes, Court, Northern District of Locations: San Francisco, U.S, Northern District, Northern District of California
Elon Musk just dodged a $500 million bullet
  + stars: | 2024-07-10 | by ( Ana Altchek | ) www.businessinsider.com   time to read: +3 min
Read previewElon Musk and his company X, formerly Twitter, just got out of a $500 million in severance pay lawsuit for now, according to a Tuesday court ruling. They argued the company failed to properly compensate over 6,000 laid-off employees under rules set by the Employee Retirement Income Security Act. The judge noted in her ruling that the company told employees after Musk took over that laid-off employees would get cash payouts. AdvertisementThe company told employees after Musk took over that laid-off employees would get cash payouts, according to the ruling. Several lawsuits have been filed regarding Musk's takeover of X and insufficient severance pay awarded to laid-off employees — and they're ongoing.
Persons: , Elon Musk, Courtney McMillian, Ronald Cooper, Sanford Heisler Sharp, Trina Thompson, Musk, McMillian, Cooper Organizations: Service, Northern District of, Twitter, Business, BI, Musk's Locations: Northern District, Northern District of California, London, Boulder , Colorado
A former Twitter HR boss says it failed to pay $500 million in severance pay to laid-off staff. She said in a lawsuit that employees were given much less severance pay than promised. A former HR boss at Twitter says that the company failed to pay $500 million in severance pay owed to laid-off staff. The lawsuit said that was just "a fraction" of what laid-off workers were entitled to under the severance plan. The lawsuit asks the court to order Twitter to pay back at least $500 million it says the company owes in severance pay.
Persons: Elon Musk, Courtney McMillian, Musk, Twitter's, Parag Agrawal, Bret Taylor, hadn't, McMillian Organizations: Twitter, Morning, Wednesday Locations: San Francisco
But Twitter only gave laid-off workers at most one month of severance pay, and many of them did not receive anything, McMillian claims. Twitter laid off more than half of its workforce as a cost-cutting measure after Musk acquired the company in October. The lawsuit accuses Twitter and Musk of violating a federal law regulating employee benefit plans. Twitter has already been sued for allegedly failing to pay severance, but those cases involve breach of contract claims and not the benefits law. A pending lawsuit filed last month accuses Twitter of also failing to pay millions of dollars in bonuses it owes to remaining employees.
Persons: Elon Musk, Courtney McMillian, McMillian, Musk Organizations: Elon, Twitter Locations: San Francisco federal
But Twitter only gave laid-off workers at most one month of severance pay, and many of them did not receive anything, McMillian claims. Twitter laid off more than half of its workforce as a cost-cutting measure after Musk acquired the company in October. The lawsuit accuses Twitter and Musk of violating a federal law regulating employee benefit plans. Twitter has already been sued for allegedly failing to pay severance, but those cases involve breach of contract claims and not the benefits law. A pending lawsuit filed last month accuses Twitter of also failing to pay millions of dollars in bonuses it owes to remaining employees.
Persons: Dado Ruvic, Elon Musk, Courtney McMillian, McMillian, Musk, Daniel Wiessner, Alexia Garamfalvi, Bill Berkrot Organizations: Elon, Twitter, REUTERS, Thomson Locations: San Francisco federal, Albany , New York
It alleges that Twitter made repeated assurances to employees about its severance plan amid Musk’s takeover in an effort to retain workers. In particular, the complaint claims that Twitter had promised senior employees severance of six months of base pay plus one week for every year of service, in addition to other benefits. In response to a request for comment on the lawsuit, Twitter sent CNN an automated poop emoji. The lawsuit is just the latest legal action brought against Twitter by former employees with severance-related claims. More than 1,500 former employees have filed arbitration claims, after Twitter pushed for anyone who had signed an arbitration agreement while working at the company to pursue their claims out of court.
Persons: New York CNN —, Elon Musk, Courtney McMillian, Musk, Twitter, Kate Mueting Organizations: New, New York CNN, Twitter, CNN, Meta Locations: New York, California
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