A judge in Delaware on Monday rejected Tesla’s attempt to restore Elon Musk’s $56bn pay package after previously striking it down as a breach of the carmaker board’s fiduciary duty.
Lawyers for the shareholder who brought the original suit were also awarded $345mn, instead of the $5.6bn in Tesla shares that they had requested.
This is a developing story
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A judge in Delaware on Monday rejected Tesla’s attempt to restore Elon Musk’s $56bn pay package after previously striking it down as a breach of the carmaker board’s fiduciary duty. Lawyers for the shareholder who brought the original suit were also awarded $345mn, instead of the $5.6bn in Tesla shares that they had requested. This is a developing story