Judge Kathaleen McCormick denied Tesla's request to revise her ruling against Elon Musk's $56 billion pay package, sustaining her decision despite shareholder support.
The court found Tesla's legal arguments 'flawed,' emphasizing that each flaw was 'fatal on their own,' which reinforced her initial ruling against Musk's compensation.
The dispute raises questions about Musk's priorities as he transitions from CEO of Tesla to a prominent role alongside President Elect Donald Trump during a critical political shift.
McCormick's ruling also awarded the plaintiffs $345 million in attorney's fees—though considerably less than the $5.6 billion originally sought—underlining the lawsuit's substantial implications for corporate governance.
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