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Tesla starts taking steps to battle Delaware Judge’s Elon Musk pay ruling

Teslarati

With the ratification of Elon Musk’s 2018 CEO Performance Award successfully completed at the 2024 Annual Stockholders’ Meeting , Tesla has started its efforts to urge Delaware Judge Chancellor Kathaleen McCormick to reconsider her decision surrounding Musk’s compensation plan. Each target in Musk’s 2018 pay plan has already been achieved.

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Tesla bull weighs in on Delaware Court decision against Musk’s TSLA comp plan

Teslarati

Tesla ( NASDAQ:TSLA ) bull and Wedbush Securities Senior Equity Research Analyst Dan Ives has weighed in on the Delaware Court decision that rescinds Elon Musk’s 2018 compensation plan, which was approved by about 80% of TSLA shareholders at the time. Now, obviously, this is a jaw-dropper that came down in Delaware.

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Judge in Musk pay package case warned of massive legal fee windfall

Teslarati

The judge in the Elon Musk pay package case is being warned by the Delaware High Court that the massive legal fee windfall is a major risk. The Delaware High Court told McCormick earlier this month that these massive paydays can “turn into a windfall,” according to a report from Reuters.

Legal 113
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Judge who rescinded Musk pay package confident Tesla won’t contest ruling outside Delaware

Teslarati

Delaware Judge Chancellor Kathaleen McCormick has noted that she feels assured that Tesla would not use its upcoming 2024 Annual Stockholders’ Meeting as a way to attack her decision to rescind the CEO’s 2018 pay package. Tornetta’s legal team shared their concerns in a court filing last month.

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Twitter files suit against Elon Musk in Delaware court to enforce buyout deal

Teslarati

On Tuesday, July 12, Twitter officially filed a lawsuit against Elon Musk in the Delaware Court of Chancery. The company aims to force Musk to finalize his $44 billion deal. ” Twitter has filed a lawsuit in the Delaware Court of Chancery to hold Elon Musk accountable to his contractual obligations.

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Elon Musk’s legal team: Twitter ordered whistleblower to destroy evidence

Teslarati

Elon Musk’s legal team threw some allegations against Twitter in a recent filing, with the Tesla CEO’s camp alleging that the social media company had ordered whistleblower Peiter “Mudge” Zatko, its former head of security, to destroy evidence as part of his severance package. Judge Kathaleen St. per share. .

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Twitter pursues legal action to ensure Elon Musk seals $44B deal

Teslarati

Twitter Board Chairman Bret Taylor announced that the social media company would pursue legal action to ensure Elon Musk seals his $44 billion deal. Inside sources told Reuters that Twitter plans to file a lawsuit this week in Delaware. Twitter hired Wachtell, Lipton, Rosen & Katz LLP to represent the company.

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