Explainer-Legal hurdles over Tesla's attempt to revive Musk's hefty pay face potential legal challenges

Reported 6 months ago

Tesla's shareholders will vote on June 13 to ratify Elon Musk's $56 billion pay package, which was voided by a Delaware judge in January due to his improper control over the process. The shareholder vote could impact the future legal battles. If the pay is ratified, it may lead to further challenges. Regarding the potential move of Tesla's legal home to Texas, a shareholder lawsuit in Delaware in 2018 has expressed concerns about shifting legal disputes to a Texas court. Legal implications remain as Tesla navigates these hurdles.

Source: YAHOO

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