Posted on 12/19/2025 5:44:02 PM PST by SmokingJoe
BREAKING: Elon Musk’s 2018 CEO pay package from Tesla, worth some $56 billion when it vested, must be restored, the Delaware Supreme Court has just ruled.
TESLA AND ELON MUSK WON! 🥳
(Excerpt) Read more at x.com ...
MAGANIFICENT!
Outrageous!! How can he maintain a decent lifestyle on this paltry sum?
https://courts.delaware.gov/Opinions/Download.aspx?id=389200
The original judge(s?) who ruled against it were making up ****, like all Demagogic Party demagogues. They’re unfit for the bench, and belong in prison.
“Outrageous!! How can he maintain a decent lifestyle on this paltry sum?”
You’d be amazed how many Casita’s you can buy for a couple billion dollars.
For those of us that don’t compulsively follow Elon Musk’s doings, a Casita is 375 square foot home manufactured by baxabl. He is reported to have a few scattered around his factories that he can use when needed.
Too little too late for Delaware’s only industry. One stupid judge destroyed an entire industry. Delaware should tar and feather that little biotch.
A casita is also Spanish for tiny house. Any tiny house.
‘Bout FIN time.
Delaware’s behavior in this was straight out of Mao’s little book. Tesla’s owners voted twice to grant him the payout. Then, because of some slimy little commie trash with a dozen shares the court usurped private company control and imposed state distribution of private funds.
Commie seizure.
Yeah didn’t his net worth hit $600 billion the other day?
Yeah, that keeps him out of the homeless shelter and off food stamps. I’m proud for him.
The original judge was a hard core Democrat activists, out to financially damage Musk because Musk was supporting Republicans.
He is worth well over half a trillion. I don’t think losing this case would seriuly damage him.
Three page lawyer list. Lots of money made by them.
And a hole democrats think he is going to take this money and swim around in gold coins like Scrooge McDuck. And not spending it or investing it.
I never got a job from a poor person.
“Unfortunately for Delaware he’s moved all his companies out of Delaware because of this. Biden/Democrats lose again.”
yep, a year late and a trillion short ... and not just Elon is concerned about the nuevo craziness in the formerly fair and predicable Chancery courts in delaware, either ...
“Too little too late for Delaware’s only industry. One stupid judge destroyed an entire industry.”
pretty much meaning one stupid judge destroyed Delaware ...
Guess this means we don’t have to set up a humanitarian GoFundMe account for him, after all...
Three page lawyer list. Lots of money made by them.
The plaintiff’s lost on appeal and yet their attorneys are received a $345 million fee award.
6. Attorneys’ Fees.
After the court denied the Defendants’ Motion to Revise, it considered the Plaintiff’s counsel’s fee petition. Applying the factors from Sugarland Industries, Inc. v. Thomas, 53 and to avoid a windfall, the court adopted the grant-date-fair-value approach, which valued the benefit of the rescission at $2.3 billion. The court applied a 15% baseline percentage to the $2.3 billion litigation benefit, resulting in a $345 million fee award.
The Plaintiff’s attorneys are awarded fees and expenses based on quantum meruit and a four times multiplier and post-judgment interest on the revised fee award from December 2, 2024.
So there is no deterrent to frivolous lawsuits. You make big bucks even if you loose.
I wonder what a Texas court would do in this suit.
Would a local have allowed the rescission?
Would the Supreme Court have over turned it?
Would they have awarded this ridiculous attorneys fees.
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