Elon Musk's X Breached Contracts By Failing To Deliver Promised Bonuses, Rules Judge
A U.S. federal judge has ruled that Elon Musk's X, formerly Twitter, breached contracts by withholding millions in promised employee bonuses.
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A U.S. federal judge has ruled that Elon Musk's X, formerly Twitter, breached contracts by withholding millions in promised employee bonuses.
Twitter violated contracts by failing to pay millions of dollars in bonuses that the social media company, now called X Corp, had promised its employees, a federal judge ruled on Friday. Mark Schobinger, who was Twitter's senior director of compensation before leaving Elon Musk's company in May, sued Twitter in June, claiming breach of contract. Schobinger's suit alleged that before and after billionaire Musk bought Twitter last year, it promised employees 50% of their 2022 target bonuses but never made those payments.
Twitter violated contracts by failing to pay millions of dollars in bonuses that the social media company, now called X Corp., had promised its employees, a federal judge ruled on Friday.
Twitter (now called X) violated a contract when it failed to pay tens of millions of dollars in bonuses to its employees promised after Elon Musk acquired the platform for $44 billion, a US federal judge has ruled.Mark Schobinger, the former ...
Twitter, now X, violated employee contracts to pay millions in bonuses as promised, federal judge ruled