The Delaware court has maintained its stance on rescinding Elon Musk’s $55.8 billion Tesla compensation package initially decided earlier in the year. Despite Musk’s efforts to alter this resolution, his request was denied. Furthermore, the court has issued an order for the payment of $345 million in fees to the plaintiffs’ counsel. This legal decision was based on four primary reasons which the court listed in its judgment, affirming the inability to modify the original post-trial decision regarding Musk’s significant compensation package.
More details on the court’s rationale and the proceedings can be accessed here.