#shareholder-litigation

#shareholder-litigation

The Delaware Supreme Court has overturned a lower court ruling, reinstating Elon Musk's 2018 compensation package originally valued at $56 billion but now worth approximately $139 billion due to Tesla's soaring stock price. The unanimous decision criticized the prior total rescission as "improper and inequitable," arguing that it left Musk uncompensated for six years of transformative leadership at Tesla. Musk quickly celebrated the outcome on X, stating that he felt "vindicated." He also shared his gratitude to TSLA shareholders.

* Judge considering sanctioning DOJ lawyers over repeated statements compromising fairness of Mangione trial. [ NY Times] * Roberta Kaplan representing Disney shareholders seeking discovery to determine if Kimmel suspension demonstrates a breach of fiduciary duties. [ Semafor] * Group challenging SEC gag rule, which prevents parties who voluntarily settle enforcement cases from turning around and telling the market they did nothing wrong, seeks en banc review from the Ninth Circuit. But, you know, you don't have to settle. [ Law.com]