Former Twitter Chairman Sues X for $20M in Unpaid Shares

Aug 10, 2024, 03:56 PM

Former Twitter Chairman Omid Kordestani is suing X, the company formerly known as Twitter, for allegedly failing to cash out more than $20 million worth of shares owed to him. Kordestani, who played a role in overseeing the sale of Twitter to Elon Musk, claims that the current owner, Musk, is refusing to fulfill the financial obligation. This legal action highlights ongoing tensions within the company following its acquisition by Musk.