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Tesla shareholder seeks to block Musk from litigating pay outside of Delaware https://t.co/jtnyBzgt0T
The Tesla shareholder who successfully challenged co-founder Elon Musk’s $56 billion pay package is asking the Delaware court for an order barring Musk from trying to litigate the matter again in Texas https://t.co/UaFKGyogzN
Tesla and CEO Elon Musk are banking on a bold strategy to salvage his multibillion-dollar compensation plan, invoking a recently enacted corporate power to first patch Tesla's charter and then reincorporate in Texas. https://t.co/iXb2nZAXoW https://t.co/hAVIfVt2m4
A Tesla shareholder has requested a Delaware court to prevent Elon Musk from litigating his multibillion-dollar $56 billion compensation plan outside of Delaware. This legal action comes after Musk and Tesla proposed a strategy to amend Tesla's charter and reincorporate in Texas, potentially shifting the legal venue. The shareholder's move aims to keep the dispute within Delaware's jurisdiction, where the initial challenge to Musk's pay package was successfully made.