Brian Pinheiro

Brian Pinheiro

Ballard Spahr LLP

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Delaware Chancery Nixes Musk’s $55.8-Billion Tesla Pay-Out

The Delaware Court of Chancery invalidated a $55.8-billion payout by Tesla, Inc., to its founder and controlling stockholder, Elon Musk. In a 200-page post-trial decision, Chancellor McCormick stated Musk was required to...more

2/13/2024  /  Board of Directors , Business Judgment Rule , Compensation , Controlling Stockholders , Elon Musk , Fiduciary Duty , Tesla
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