Elon Musk and X Corp have reached a settlement with four former Twitter executives who alleged they were not paid $128 million in severance pay following Musk’s 2022 acquisition of the company.

The terms of the settlement, announced in a San Francisco federal court filing last week, have not been made public. A federal judge on Oct. 1 postponed filing deadlines and a scheduled hearing to allow both parties to finalize the agreement.

The lawsuit was filed by ex-CEO Parag Agrawal, former CFO Ned Segal, former chief legal officer Vijaya Gadde and former general counsel Sean Edgett. They claimed Musk falsely accused them of misconduct after they sued him for trying to back out of his agreement to buy the company.

Musk refused to provide the severance pay the executives were promised for years before his acquisition of Twitter, according to the lawsuit.

Each executive said they were owed one year’s salary plus significant stock option compensation.

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