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United States
In re Tesla Motors Inc Stockholder Litigation
In re Tesla Motors, Inc. Stockholder Litigation, C.A. No. 12711-VCS (Del. Ch. Apr. 27, 2022)
Key Principle
The Delaware Court of Chancery rescinded Elon Musk's $55.8 billion compensation package as an unfair self-dealing transaction, finding the board failed to satisfy the entire fairness standard due to lack of independence and inadequate process.
Area of Law
corporate
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