A Delaware judge has ordered Tesla Inc.’s board of directors to turn over communications between Tesla CEO Elon Musk and two former Tesla in-house attorneys regarding Musk’s compensation plan, a plan that could net him billions of dollars. Musk has received approximately $20 billion in compensation under the plan so far, according to court records. The plan could be worth as much as $55 billion, if Musk meets certain performance goals.

A Tesla shareholder filed the derivative shareholder suit in 2018 against Musk and the company’s board of directors for breach of fiduciary duties and unjust enrichment.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]