Elon Musk and Tesla Inc. could come face-to-face this week in the Delaware Court of Chancery with a shareholder who objects to a settlement worth up to $919 million to resolve claims brought by a Detroit pension fund alleging the electric vehicle maker’s board members overpaid themselves from 2017 to 2020.
That showdown is scheduled for Friday afternoon. The court’s calendar before then includes:
Thursday: Lincolnshire Police Pension Fund v. Taylor, Del. Ch., No. 2020-0487, hearing 10/12/23.
At issue: An investor alleges that Floor & Decor Holdings Inc.'s private equity backers at Ares Management Corp.
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