Labor/Employment,
Administrative/Regulatory
Jul. 11, 2024
Judge dismisses $500M claim against Elon Musk over Twitter layoffs
U.S. District Judge Trina L. Thompson ruled that the plaintiffs' severance plan was not governed by ERISA, as the facts did not show that there was any discretion required in determining which employees were eligible for the severance plan.
Elon Musk escaped a $500 million putative class action brought by Twitter employees fired during mass layoffs after the billionaire investor bought the social media company as a federal judge in San Francisco ruled that the claims fell outside the scope of the federal retirement benefits statute and therefore, outside of her jurisdiction.
"We are disappointed in the ruling and considering our options for moving forward," read a statement from Sanford Heisler Sharp LLP o...
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