Tesla has reportedly sought to dissuade a law professor from filing an amicus brief concerning Elon Musk’s $56 billion compensation package, which is currently the source of investor litigation. The professor has claimed that Tesla threatened to terminate their long-term relationship with outside legal firm Holland & Knight LLP if the brief was submitted. This account was revealed in a filing made this Monday in Delaware.
The action was linked to an ongoing lawsuit brought by investors against the auto and electric energy company’s ambitious remuneration plan for CEO Elon Musk. The brief, which is lodged by someone who is not a party to the case but who assists the court by offering information, expertise, or insight that bears on the case, was being prepared by the aforementioned professor.
Despite this attempt to interfere with the process, it appears that the situation continues to evolve. More details can be found in the original article on Law360.