Ex-Twitter Manager Files Lawsuit for Cancellation of His Stock Options

A former Twitter Inc. manager fired as part of billionaire Elon Musk’s revamping of the social-media platform after he bought it earlier this year claims the company improperly canceled some stock options he had.

John Barnett, whose Chroma Labs start-up was bought by Twitter, argues the company violated a restricted-stock agreement he got in the Chroma buyout, according to a Delaware Chancery Court lawsuit unsealed Wednesday.

Barnett, a staff-product manager, was terminated by email in November after expressing support for other colleagues fired in Musk’s efforts to cut costs. He claims Twitter is losing $4 million per day. The lawsuit was originally filed Dec. 16.

Read the source article at finance.yahoo.com