Elon Musk

Here’s how Elon Musk’s $56B executive comp loss could reverberate

Delaware Business Court Insider

Shortly after Chancellor Kathaleen St. J. McCormick issued her post-trial opinion finding Elon Musk’s $56 billion compensation agreement with Tesla should be rescinded, Musk posted on his X (formerly Twitter) app one possible takeaway: “Never incorporate your company in the state of Delaware.”

For litigators who practice in the Court of Chancery or otherwise represent Delaware corporations or their shareholder, there may be more nuanced guidance that the opinion may offer for future litigation or how to avoid it.

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‘Mindbogglingly expansive’: Twitter blasts Musk’s discovery demands as parties blame each other in scheduling row

Delaware Business Court Insider

Twitter and Elon Musk indicated this week they’re at a standstill in scheduling dates for their broken deal trial, asking Chancellor Kathaleen McCormick to weigh in.

The Musk team claimed in a letter sent Tuesday that Twitter is intentionally holding up discovery in an effort to give Musk as little time as possible to analyze the data he’s requested, and Twitter fired back in a motion filed the next day that Musk has made setting dates impossible by making unreasonable requests and refusing to make any concessions to the other side.

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