Tesla should rescind its record-breaking plan for compensating Elon Musk, Chancellor Kathaleen McCormick determined Tuesday afternoon in a primary of its sort opinion.
Within the 200-page opinion, McCormick decided that Musk was thought-about a controller of Tesla below Delaware regulation, placing the burden of complete equity on Musk’s protection staff—the identical Cravath, Swain & Moore and Ross Aronstam & Moritz attorneys that beforehand efficiently defended Musk in a shareholder case difficult Tesla’s acquisition of SolarCity.
