In Tornetta v. Musk (Jan. 30, 2024), the Delaware Court of Chancery, in a post-trial decision, ruled that the directors of Tesla, Inc. breached their fiduciary duties when, in 2018, they awarded Elon Musk, Tesla’s CEO and founder, a ten-year performance-based equity compensation plan with an estimated maximum value at one time of $55.8 billion. The court … Continue reading Chancery Finds Tesla Board Breached Fiduciary Duties