Musk Pay Judge Allows Scholar’s Brief Despite Tesla Protest

July 22, 2024, 6:48 PM UTC

The Delaware judge who struck down Elon Musk’s $56 billion pay package at Tesla Inc. will allow the US Chamber of Commerce and a legal scholar to weigh in on the case, according a three-page letter opinion issued Monday.

The organization and retired University of Delaware professor Charles Elson sought to file friend-of-the-court briefs concerning a Tesla shareholder vote re-approving the largest ever CEO compensation deal, and a bid for a roughly $7 billion payout for the attorneys who won the case. Chancellor Kathaleen St. Jude McCormick will hear arguments over Tesla’s motion to reinstate Musk’s compensation deal at an ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.