Elon Musk. Photo credit: Steve Jurvetson via Wikimedia Commons. As 2023 Closes, Here's the Delaware Litigation Elon Musk Still Needs to Worry About
More than a year after trial, there's still no Court of Chancery ruling on whether Tesla's compensation plan for Musk, valued at $56 billion, was fair to shareholders and properly vetted by Tesla's directors.
December 07, 2023 at 06:02 PM
4 minute read
Technology Media and Telecom
The original version of this story was published on Delaware Business Court Insider
Delaware undoubtedly got the most Elon Musk-related publicity in 2022, with the Court of Chancery serving as the venue for Twitter's contentious battle with the billionaire over a broken deal worth $44 billion. But while interest from the general public faded when Musk and Twitter reached an agreement and that case was dismissed, Delaware continued to see litigation against Musk in 2023, and cases involving corporate, employment and securities law are still in progress heading toward 2024.
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