TikTok a qualifié mardi de « pure fiction » l’information selon laquelle les autorités chinoises évalueraient la possibilité d’une acquisition par Elon Musk de ses activités américaines si jamais la p...

NEW YORK (Reuters) -Elon Musk and his social media company X Corp have reached a tentative agreement to settle a lawsuit filed by former Twitter employees who said they were owed $500 million in severance pay. Attorneys for X Corp and the former Twitter employees reported the deal in a Wednesday court filing, in which both sides asked a U.S. appeals court to delay an upcoming court hearing so that they could finalize a deal that would pay the fired employees and end the litigation. The financial terms of the deal were not disclosed. Musk fired approximately 6,000 employees after his 2022 acquisition of Twitter, which he rebranded X. Several employees sued over their terminations and severance pay, and other lawsuits are still pending in courts in Delaware and California. The settlement would resolve a proposed class action filed in California by Courtney McMillian, who previously oversaw Twitter’s employee benefits programs as its "head of total rewards," and Ronald Cooper, who was an operations manager. A federal judge in San Francisco dismissed the employees’ lawsuit in July 2024, and they appealed to the San Francisco-based 9th U.S. Court of Appeals. The 9th Circuit had been scheduled to hear oral arguments on September 17. Attorneys for Musk and McMillian did not immediately respond to requests for comment on Thursday. The lawsuit argued that a 2019 severance plan guaranteed that most Twitter workers would receive two months of their base pay plus one week of pay for each full year of service if they were laid off. Senior employees such as McMillian were owed six months of base pay, according to the lawsuit. But Twitter only gave laid-off workers at most one month of severance pay, and many of them did not receive anything, according to the lawsuit. Twitter laid off more than half of its workforce as a cost-cutting measure after Musk acquired the company. With 7525 making headlines, savvy investors are asking: Is it truly valued fairly? In a market full of overpriced darlings, identifying true value can be challenging. InvestingPro's advanced AI algorithms have analyzed 7525 alongside thousands of other stocks to uncover hidden gems. These undervalued stocks, potentially including 7525, could offer substantial returns as the market corrects. In 2024 alone, our AI identified several undervalued stocks that later surged by 30 or more. Is 7525 poised for similar growth? Don't miss the opportunity to find out.

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(Reuters) -X Corp cannot be forced to cover the upfront fees of arbitrating a series of legal disputes by former employees who lost their jobs after Elon Musk acquired the social media company, a U.S. appeals court ruled on Tuesday. A panel of the New York-based 2nd U.S. Circuit Court of Appeals said an arbitration firm must decide if X should pay the fees or the company can split them with the seven former workers who claim X is attempting to derail their cases. By opting to go through arbitration, the workers forfeited the ability to have federal courts resolve any disputes over fees, the court said. "It is hard to see how the twin goals of arbitration, namely, settling disputes efficiently and avoiding long and expensive litigation, would be served by a district court’s intervention into such procedural disputes," Circuit Judge Gerard Lynch wrote for the court. X and Shannon Liss-Riordan, a lawyer for the former employees who filed the lawsuit, did not immediately respond to requests for comment. Liss-Riordan has said that X has refused to pay arbitration fees in hundreds of cases. Musk fired approximately 6,000 employees after his 2022 acquisition of Twitter, which he rebranded X. Many employees sued over their terminations, and X last month agreed to pay an undisclosed sum to settle a lawsuit in California by ex-workers who said they were owed $500 million in severance pay. 3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads. An agreement signed by most Twitter employees required them to bring legal disputes with the company to the private arbitration firm JAMS rather than to court. JAMS rules say that employers who require workers to sign arbitration agreements must cover initial fees of roughly $1,500 before an arbitrator is assigned to a case. X refused to pay, claiming it did not require arbitration because workers had the chance to opt out of it when they were hired. Reversing a Manhattan federal judge who had ruled for the workers, the 2nd Circuit on Tuesday said it had no power to resolve the issue because the arbitration agreements reserve procedural disputes for JAMS. Which stock should you buy in your very next trade? AI computing powers are changing the stock market. Investing.com's ProPicks AI includes dozens of winning stock portfolios chosen by our advanced AI. Year to date, 3 out of 4 global portfolios are beating their benchmark indexes, with 98% in the green. Our flagship Tech Titans strategy doubled the S&P 500 within 18 months, including notable winners like Super Micro Computer (+185%) and AppLovin (+157%). Which stock will be the next to soar?