One of biggest US corporate legal battles is in final stage after judge had in January 2024 rescinded Elon Musk's pay.
One of the biggest US corporate legal battles is in its final stage after a judge had in January 2024 rescinded Musk's record pay.
By Reuters
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Decision from state supreme court on deal once worth $56bn overturns ruling that prompted angry Musk backlash
Shareholder Richard J. Tornetta brought the suit, accusing Musk and the Tesla board of a breach of fiduciary duties.
The Delaware Supreme Court rules in favour of Musk and his $56bn compensation.
The legal battle over Musk's $56 billion 2018 pay package is before the Delaware Supreme Court.
The Delaware Supreme Court heard arguments Oct. 15 regarding the pay plan for the world's richest man.
In 2024, Chancellor Kathaleen St. Jude McCormick rescinded the compensation in a case brought by a disgruntled Tesla shareholder.
