Elon Musk's X Corp. has reportedly agreed to settlement talks on arbitration claims from about 2,000 employees laid off after Musk purchased Twitter in October 2022.
"After 10 months of pressing them in every direction we have succeeded in getting Twitter to the table," attorney Shannon Liss-Riordan wrote in a memo to clients that was quoted in a Bloomberg article today. "Twitter wants to mediate with us in a global attempt to settle all claims we have filed."
Bloomberg said it obtained the Liss-Riordan memo from a former Twitter employee. The memo reportedly said that private negotiations with a mediator are scheduled for December 1 and December 2.
"X is complying with a court order to mediate, a person familiar with the matter said, asking not to be identified discussing private information," Bloomberg wrote.
An X Corp. attorney said in an August 28 court filing that "Twitter has received more than 2,200 individual demands for arbitration." A CNBC article said that the "filing fees alone for that volume of cases could amount to $3.5 million." X has been trying to avoid paying the full cost of arbitration, arguing that "arbitration costs be apportioned equally between the Parties for any arbitrations pending in jurisdictions where fee-sharing is lawful."