A Delaware judge upheld an earlier decision Monday requiring Tesla to cancel Elon Musk’s multibillion-dollar compensation package.
Delaware Chancellor Kathaleen St. Jude McCormick dismissed a motion from Musk and Tesla’s board members to overturn her previous mandate that rescinded Musk’s lucrative deal. McCormick also denied a request for legal fees from the plaintiff’s attorneys as they sought Tesla stock valued at over $5 billion but will receive $345 million instead.
Read the full story