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February 05, 2024 | Corporate Counsel

Stinging Musk Defeat Throws Spotlight on Role of Tesla GC Todd Maron

Chancellor Kathaleen McCormick found Maron was "totally beholden" to the billionaire and that three of Tesla's eight board members were as well.
4 minute read
February 02, 2024 | Litigation Daily

Litigators of the Week: Rolling Back Elon Musk's $56B Tesla Compensation Package

A team led by Greg Varallo and Jeroen van Kwawegen of Bernstein Litowitz Berger & Grossmann and David Tejtel of Friedman Oster & Tejtel secured a post-trial ruling from Delaware Chancellor Kathaleen McCormick finding that when it came to the Tesla CEO's pay package "Musk launched a self-driving process, recalibrating the speed and direction along the way as he saw fit."
10 minute read
February 02, 2024 | Delaware Business Court Insider

Plaintiff's Trial Team Discuss Rolling Back Elon Musk's $56B Tesla Compensation Package

A team led by Greg Varallo and Jeroen van Kwawegen of Bernstein Litowitz Berger & Grossmann and David Tejtel of Friedman Oster & Tejtel secured a post-trial ruling from Delaware Chancellor Kathaleen McCormick finding that when it came to the Tesla CEO's pay package "Musk launched a self-driving process, recalibrating the speed and direction along the way as he saw fit."
10 minute read
February 01, 2024 | Litigation Daily

Some Thoughts on Securities Litigation Trends From Either Side of the Bar

Jerry Silk of Bernstein Litowitz and Scott Musoff of Skadden weigh in on what's going on behind the numbers in the latest Cornerstone Research annual report on securities class actions.
5 minute read
January 31, 2024 | Delaware Law Weekly

Elon Musk's $56B Executive Comp Ruling Could Reverberate, Lawyers Say

Shortly after Chancellor Kathaleen St. J. McCormick issued her post-trial opinion finding Elon Musk's $56 billion compensation agreement with Tesla should be rescinded, Musk posted one possible takeaway: "Never incorporate your company in the state of Delaware."
5 minute read
Law Journal Press | Digital Book Florida Construction Defect Litigation 2022 Authors: Gary L. Brown View this Book

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January 31, 2024 | Delaware Business Court Insider

Here's How Elon Musk's $56B Executive Comp Loss Could Reverberate

Shortly after Chancellor Kathaleen St. J. McCormick issued her post-trial opinion finding Elon Musk's $56 billion compensation agreement with Tesla should be rescinded, Musk posted one possible takeaway: "Never incorporate your company in the state of Delaware."
5 minute read
January 30, 2024 | Delaware Business Court Insider

Tesla Shareholder Wins Challenge to Elon Musk's Tesla Comp Package

Chancellor Kathaleen McCormick concluded Musk was a controller of Tesla under Delaware law, putting the burden of entire fairness on his defense team from Cravath, Swain & Moore and Ross Aronstam & Moritz.
3 minute read
January 26, 2024 | Pro Mid Market

Who Got the Work: Gibbons Director Enters to Defend Verizon in Shareholder Derivative Suit

Gibbons director of business and commercial litigation Samuel I. Portnoy has entered an appearance for Verizon's top officers in a pending shareholder derivative lawsuit.
3 minute read
January 25, 2024 | Law.com

Law Firm Litigation Puts Partners' Associate Feedback Under Microscope: The Morning Minute

The news and analysis you need to start your day.
5 minute read
December 19, 2023 | Delaware Law Weekly

Out-of-State Case Isn't Enough to Dismiss Otherwise Supported Derivative Litigation, Del. High Court Says

It's the first time the state's high court has officially addressed whether or not a Delaware judge can take adjudicative notice of factual findings from another court,.
4 minute read

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