In Re Tesla, Inc. Derivative Litigation [Tornetta vs. Musk Appeal]

courts.delaware.gov

1 pointaw16211073 comments

Earlier: https://news.ycombinator.com/item?id=46331267

> Upon appeal from the Court of Chancery. AFFIRMED IN PART, REVERSED IN PART.

> For the reasons explained below, we reverse the remedy chosen by the Court of Chancery – rescission of the 2018 compensation plan. We reinstate the 2018 plan and award the Plaintiff nominal damages. We also award the Plaintiff’s counsel fees based on quantum meruit and expenses.

Translation: Musk gets the full 2018 compensation plans (worth ~$139 billion); plaintiff get $1 and plaintiff's lawyers get $54.3 million plus interest.

Reply on news.ycombinator.com