X, led by Elon Musk, faced a huge lawsuit over a situation left over from when it was still Twitter. He was president from 2015 to 2020 Omid Kordestanifiled a lawsuit against the company over the money he could not receive.

Kordestani was also on the board when Elon Musk took over in 2022. Case of former manager worth $20 millionHe accuses X of not paying this money.

The former director did not receive the $20 million stock payment to which he was entitled

Kordestani had left a well-paying job at Google to join X (then Twitter). His starting salary was $50,000 a year. But in addition stock option was also included in the agreement. In other words, he would receive performance-related share payments in addition to his salary. The value of this is It was about 20 million 112 thousand dollars.

When Musk took over, this amount was supposed to be paid to him. However, according to the file, the company belongs to Kordestani. the benefit to which he is entitled didn’t do it. It was alleged that the tech giant lost the rights that the former executive had earned during his 7 years of service. Moreover, it was reported that there was an agreement but the payment did not take place.

This is not the first time we have seen such a situation since Elon Musk took over the company. Many former employees have previously stated that they did not receive their benefits after being fired or leaving. We saw that many executives, including the former CEO, filed a $128 million lawsuit in March because they could not receive their payments. Now Kordestani has joined them. Time will tell how things will turn out.