The lawsuit, filed in Delaware, alleges that the company's former execs including ex-CEO Parag Agrawal paid $1 million in legal fees out of their own pockets.
, the lawsuit, which was filed in a Delaware chancery court, argues that Agrawal, Gadde, and Segal are entitled to the $1 million in legal fees the trio claims to have paid on their own while they were involved in shareholder lawsuits and government investigations. One of those investigations includes an inquiry by the Department of Justice, the goal of which is unclear and not elaborated upon in the lawsuit.
“Plaintiffs have incurred significant expenses, including but not limited to attorneys fees and costs, in connection with several proceedings in which Plaintiffs are involved by virtue of their former roles as officers of Twitter, and Plaintiffs accordingly are entitled to advancement of those fees and costs,”Agrawal and Segal incurred legal expenses from an inquiry by the U.S. Securities and Exchanges Commission in 2022, the lawsuit claims.
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