On March 4, 2024, Parag Agrawal, Ned Segal, Vijaya Gadde, and Sean Edgett filed a complaint in the U.S. District Court for the Northern District of California, Agrawal et al. v. Musk et al., case number 3:24-cv-01304. The docket is public on Justia. CourtListener hosts the complaint PDF. Caption: complaint for severance benefits, equitable relief, and statutory penalties under ERISA, 29 U.S.C. sections 1001-1461. Defendants include Elon Musk; X Corp., formerly Twitter, Inc.; the Twitter change-of-control severance policy entities; and named plan administrators.
The complaint identifies Ned Segal as a plaintiff and states he was Twitter's Chief Financial Officer from August 2017 until October 27, 2022, and a participant in the 2014 change-of-control plan. Those are the plaintiffs' statements in a civil filing. They match the 2017 8-K start window. They are not a court finding that benefits are owed, and they are not a receipt. The 2017 8-K already described the change-of-control formula (100 percent of base salary, COBRA, equity acceleration). This page does not treat later press estimates of a personal exit-package dollar amount as money collected. New York Post, March 4, 2024; OANN; Epoch Times; and Just the News reported the four executives' combined claimed figure as more than $128 million. That number is reporting of the demand. It is not a judgment.