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The Latest Breaking News from Richard Tornetta

‘Fatally flawed’: Delaware judge rejects Elon Musk’s second bid to ram through $56bn pay package

Judge Kathleen McCormick described the electric car maker’s legal arguments as ‘creative’ but ‘fatally flawed’

The Independent UK

Musk $55.8 Bn Tesla Pay Deal Again Rejected By US Judge

A US judge on Monday upheld her decision to reject Elon Musk's massive $55.8 billion compensation package at Tesla, denying an attempt to restore the pay deal through a shareholder vote.

International Business Times

Tesla Investors Seek Relief From 'Outlandish' $7.2B Legal Fees In Musk Pay Deal

Tesla investors are seeking relief from the $7 billion in legal fees requested by group who blocked Elon Musk's pay package.

International Business Times

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Future of Elon Musk and Tesla are on the line as shareholders vote on massive pay package

If Tesla shareholders approve an all-stock compensation package for CEO Elon Musk that was thrown out by a Delaware judge, it would almost guarantee he would remain at the company he grew to be the world leader in electric vehicles

The Independent UK

The lawyers who blocked Elon Musk’s Tesla pay package are demanding a $5.6 billion payout and are prepared to ‘eat our cooking’

Plaintiff’s legal team seeks record-setting stock-based pay package, which Elon Musk calls “criminal.”

Fortune

Elon Musk Calls £4.42B Lawyer Fees 'Criminal' In Tesla Pay Dispute

The Delaware Chancery Court judge must now determine the portion of the compensation package allocated to attorney fees.

International Business Times UK

Elon Musk's -Billion Compensation Package Disputed In Court Battle

Delaware court rules against Elon Musk's -billion compensation package, with attorneys seeking .96 billion. Legal battle over executive compensation a...

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Investors Left Hanging As Tesla Board Remains Mum After Elon Musk Pay Debacle

According to legal experts, Elon Musk's team will likely appeal the ruling at the Delaware state Supreme Court.

International Business Times UK

"His name is now etched in the annals of corporate law." A thrash metal drummer just cost Elon Musk $56 billion

Pennsylvania metal musician Richard Tornetta has just handed the billionaire CEO of Tesla and X one of the costliest legal defeats in history

Metal Hammer

Elon Musk's Billionaire Crown Shaken After Judge Voids His Tesla Pay Package

Tesla shareholder Richard Tornetta sued Tesla and Elon Musk over a pay plan which he claims was "beyond the bounds of reasonable judgement".

International Business Times UK

Elon Musk’s $56bn Tesla pay package is too much, judge rules

Judge ruled his pay – six times larger than the combined pay of the 200 highest-paid executives in 2021 – was set inappropriately

The Guardian - US

Tesla Stock Move Lower As Elon Musk Considers CEO Succession Plan

Tesla has identified, but not named, the person they expect will lead the carmaker should billionaire Elon Musk step down from his role as CEO.

The Street

Musk testifies he will ‘reduce’ time at Twitter and eventually hand over reins

The Tesla CEO was in a Delaware court to defend a 2018 $56bn pay package that helped him become world’s richest man

The Guardian - US

Tesla And Twitter CEO Elon Musk's $56 Billion Pay Case Begins In Court

Elon Musk has his hands full now as he finds time to deal with a court case related to how he's paid at Tesla. Experts note Musk is in a favorable position.

InsideEVs

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Benzinga

See You In Court, Again! Elon Musk's Top 10 Lawsuits

Twitter’s (NYSE: TWTR) lawsuit against Elon Musk over his attempt to withdraw from his acquisition of the company marks the latest in a long, long, long series of courtroom battles that the Tesla (NASDAQ:

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