Musk Settles Suit by Ex-Twitter CEO Over Denied Severance Pay

Elon Musk and the company formerly known as Twitter have agreed to resolve a $128 million lawsuit filed last year by former Chief Executive Officer Parag Agrawal and three other top officials who said they were denied severance payments.

Terms of the settlement weren’t disclosed in a Sept. 30 federal court filing, which pushed back deadlines in the case and the date of a scheduled hearing in San Francisco.

“The parties have reached a settlement and the settlement requires certain conditions to be met in the near term,” a lawyer for the executives said in the filing.

Parag Agrawal

Photographer: Big Event Media/Getty Images

The accord ...