Musk Wins Lawsuit Over $500 Million Severance Claim Elon Musk podcast

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Musk Wins Lawsuit Over $500 Million Severance Claim

4M ago 6:09

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Elon Musk and X Corp. have won a lawsuit demanding $500 million in severance pay for former Twitter employees. The plaintiffs, including Twitter's former global head of compensation and benefits, claimed that about 6,000 laid-off employees received only one month's pay, contrary to promises made under the federal Employee Retirement Income Security Act (ERISA). However, US District Judge Trina Thompson ruled that the claims were not covered under ERISA, as employees were informed they would receive only cash payouts post-acquisition. This verdict allows Musk and X Corp. to avoid the additional $500 million payout sought by the plaintiffs.

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807 episodios

#Tech #Stage Zero #Elon Musk

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Musk Wins Lawsuit Over $500 Million Severance Claim

Elon Musk Podcast

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published 4M ago

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MP3•Episodio en casa

Contenido proporcionado por Stage Zero. Todo el contenido del podcast, incluidos episodios, gráficos y descripciones de podcast, lo carga y proporciona directamente Stage Zero o su socio de plataforma de podcast. Si cree que alguien está utilizando su trabajo protegido por derechos de autor sin su permiso, puede seguir el proceso descrito aquí https://es.player.fm/legal.

Elon Musk and X Corp. have won a lawsuit demanding $500 million in severance pay for former Twitter employees. The plaintiffs, including Twitter's former global head of compensation and benefits, claimed that about 6,000 laid-off employees received only one month's pay, contrary to promises made under the federal Employee Retirement Income Security Act (ERISA). However, US District Judge Trina Thompson ruled that the claims were not covered under ERISA, as employees were informed they would receive only cash payouts post-acquisition. This verdict allows Musk and X Corp. to avoid the additional $500 million payout sought by the plaintiffs.

… continue reading

807 episodios

#Tech #Stage Zero #Elon Musk

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