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In Re Tesla, Inc. Derivative Litigation [Tornetta vs. Musk Appeal]

https://courts.delaware.gov/Opinions/Download.aspx?id=389200

by aw1621107 • 7 months ago

1 3 7 months ago

CO

courts.delaware.gov

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aw1621107• 7 months ago

Upon appeal from the Court of Chancery. AFFIRMED IN PART, REVERSED IN PART.
For the reasons explained below, we reverse the remedy chosen by the Court of Chancery – rescission of the 2018 compensation plan. We reinstate the 2018 plan and award the Plaintiff nominal damages. We also award the Plaintiff’s counsel fees based on quantum meruit and expenses.

spikels• 7 months ago

Translation: Musk gets the full 2018 compensation plans (worth ~$139 billion); plaintiff get $1 and plaintiff's lawyers get $54.3 million plus interest.

ChrisArchitect• 7 months ago

Earlier: https://news.ycombinator.com/item?id=46331267

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