Musk and X company have reached a preliminary settlement agreement on the lawsuit filed by a former Twitter employee.

Elon Musk and his social media company X have reached a preliminary settlement agreement in the lawsuit brought by former Twitter employees. These employees claim they were owed $500 million in severance pay. X and the lawyers for the former Twitter employees disclosed this agreement in court documents on Wednesday. The parties requested the US Court of Appeals to postpone the upcoming trial in order to finalize an agreement to pay the dismissed employees and end the lawsuit. The financial terms of the agreement have not been disclosed.