A Delaware state judge rejected the board’s request to throw out a shareholder lawsuit that seeks to retract the multibillion-dollar compensation package directors awarded CEO
- Judge Kathaleen St. Jude McCormick canceled a hearing in Chancery Court, set for April, to consider the request
- “I am skeptical that this litigation can be resolved based on the undisputed facts,” she wrote in a letter to the parties last week. “This case is going to trial”
- The lawsuit was filed by a shareholder who called Musk’s compensation package “excessive” and alleged it would harm the company
- In the spring ...
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