PARAG AGRAWAL VIJAYA GADDE, and NED SEGAL v. twitter Court Filing, retrieved on April 10, 2023 is part of HackerNoon’s Legal PDF Series. You can jump to any part in this filing here. This is part 36 of 38.
Via E - Mail and FedEx
Morgan, Lewis & Bockius LLP
One State Street
Hartford, CT 06103
Attn: Michael D. Blanchard
Request for Indemnification and Advancement
Dear Mr. Blanchard:
I write on behalf of Vijaya Gadde, Ned Segal, Parag Agrawal, and Kayvon Beykpour, former officers of Twitter, Inc. (the "Company"). I received your letter on behalf of the Company dated March 17, 2023, wherein you acknowledge my prior correspondence to the Company concerning my client's rights to indemnification and advancement.
Your letter states that you are reviewing my letters dated January 13, 2023, March 3, 2023, and March 16, 2023. In aid of that review, attached hereto are subsequent invoices related to the Proceedings described previously. Due to their continued involvement in these Proceedings, certain of my clients have incurred the following additional Expenses since the time of my last letter:
As I stated previously, there can be no legitimate dispute that my clients are involved in these Proceedings by reason of the fact that each was an officer of the Company, and therefore that the Company is obligated to advance the Expenses we have submitted. I trust that you also are aware that, pursuant to Section 5 of each of my clients' respective Director & Officer Indemnification Agreement, the Company is required to advance all Expenses "within thirty (30) days after the receipt by the Company of a statement. . . requesting such advance or advances." We look forward to your client's timely compliance with its obligations.
While you have indicated that you will respond to my letters "in due course," I respectfully request a call at your earliest convenience to discuss the Company's obligations, and particularly to hear whether there is any basis on which the Company anticipates denying advancement to, or indemnification of, my clients. Please let me know your availability this week or early next week.
Very truly yours,
David L. Anderson
Encl.
cc: James Heyworth, Sidley Austin LLP
Sheila A.G. Armbrust, Sidley Austin LLP
Amy M. Dudash, Morgan, Lewis & Bockius LLP
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This court case 2023-0409 retrieved on October 4, 2023, from int.nyt.com is part of the public domain. The court-created documents are works of the federal government, and under copyright law, are automatically placed in the public domain and may be shared without legal restriction.