United States

Tornetta v Musk

C.A. No. 2018-0408-KSJM (Del. Ch. 2024)

JurisdictionUnited States

Year2024

Statusunclear

Key Principle

A board compensation decision for a controlling stockholder is reviewed under entire fairness; subsequent stockholder ratification does not restore business judgment review.

Area of Law

corporate

Related Cases

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In re Tesla Motors Inc Stockholder Litigation In re Tesla Motors, Inc. Stockholder Litigation, C.A. No. 12711-VCS (Del. Ch. Apr. 27, 2022)

United Food and Commercial Workers Union v Zuckerberg 262 A.3d 1034 (Del. 2021)

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