Elon Musk won $56 billion payday because of vote, Tesla argues in court

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WILMINGTON, Delaware :Tesla is claiming Elon Musk won his legal battle over his $56 billion pay package because shareholders voted for the compensation, despite a judge rescinding it earlier this year, according to court filing made public on Friday.

On Thursday, McCormick ordered the parties to begin preparing briefs laying out their views on the effect of the shareholder vote on the case.

McCormick will hear oral arguments over the legal fee on July 8 and she might take at least a few weeks before ruling.

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Category: EconomyBusiness

Markets: Singapore

Topics: Judge Package Legal Tesla Might Ruling Musk Delaware Shareholders Company 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-28 @ 01:49:36 (4 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 449 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 24 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 21404201

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Year Established: 1999

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