Title: Former Twitter Executives File Lawsuit Against Elon Musk and X Corp. for $128 Million in Unpaid Severance

A group of former Twitter executives, including CEO Parag Agrawal, Chief Financial Officer Ned Segal, head of legal Vijaya Gadde, and General Counsel Sean Edgett, have filed a lawsuit against Elon Musk and X Corp., arguing that they are owed $128 million in unpaid severance. The complaint was filed in California's Northern District and accuses Musk of personally seeking revenge against the executives after his deal to buy Twitter, now known as X Corp., for $44 billion.

According to the lawyers representing the ex-Twitter executives, Musk repeatedly refused to honor clear contractual commitments, attempting to recover his expenses by reneging on severance obligations. They claim that since Musk and X Corp. took over Twitter, they have been "stiffing employees, landlords, vendors, and others," citing over 25 vendor nonpayment lawsuits filed against the social media company by various businesses including software and service providers as well as a landlord.

The complaint further alleges that Musk believes the rules do not apply to him and uses his wealth and power to disregard anyone who opposes him, claiming that he doesn't pay his bills. It also refers to statements Musk made to his biographer, Walter Isaacson, where he expressed a desire to pursue Twitter's executives and directors until their demise.

The lawyers argue that these statements were not mere rantings but a deliberate plan to cheat Twitter's executives out of their severance benefits, saving himself $200 million. The case, Agrawal et al v. Musk et al, follows the breakdown of settlement talks in a related case in Delaware, Woodfield v. Twitter Inc., involving $500 million in unpaid severance to former Twitter managers and engineers.

Representatives for X Corp. and Elon Musk have not yet responded to CNBC's request for comment on the lawsuit. As the legal battle unfolds, the former Twitter executives seek to hold Musk and X Corp. accountable for the outstanding severance payments they claim are owed to them.

It remains to be seen how this lawsuit will impact the ongoing dispute between X Corp. and ex-Twitter managers, but it highlights the significant financial stakes involved in the acquisition and the contentious nature of the aftermath.