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Controlling Stockholders › Equity Compensation › DE Supreme Court

Jones Day

Delaware Court Applies Traditional Entire Fairness Standard to Very Large Stockholder-Approved, Performance-Based Equity Award

Jones Day on

The Case: A Tesla stockholder sued Tesla's board of directors to rescind a performance-based stock option grant awarded to Elon Musk, Tesla's CEO. The option award was worth a total of $56 billion and offered the opportunity...more

Stinson - Corporate & Securities Law Blog

Director Discretionary Compensation Awards Tested by Entire Fairness Standard According to Delaware Supreme Court

Stinson - Corporate & Securities Law Blog on

The Delaware Supreme Court found in In re Investors Bancorp Stockholders Litigation that director equity grants based on director discretion are subject to an entire fairness standard of review. ...more

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