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In Re Tesla, Inc. Derivative Litigation [Tornetta vs. Musk Appeal]
- aw1621107 10mo 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 10mo agoTranslation: Musk gets the full 2018 compensation plans (worth ~$139 billion); plaintiff get $1 and plaintiff's lawyers get $54.3 million plus interest.
- ChrisArchitect 10mo agoEarlier: https://news.ycombinator.com/item?id=46331267 https://news.ycombinator.com/item?id=46331267