United States Delaware Court Voids Elon Musk $55 Billion Tesla CEO Pay Package & Ruled the Compensation as Excessive, Shareholders Lawsuit in 2022 Cited Material Misleading Disclosure in 2018 on Elon Musk Involvement in the Compensation Discussion & Unjustly Enriched Himself
1st February 2024 | Hong Kong
A United States Delaware court has voided Elon Musk $55 billion Tesla CEO pay package and ruled the compensation as excessive, after a shareholders lawsuit in 2022 citing material misleading disclosure in 2018 on Elon Musk involvement in the compensation discussion & unjustly enriched himself. Elon Musk has a current fortune of $205 billion, and may lose around $55 billion fortune to $150 billion (should he decide not to appeal). In 2023, a 5-day United States court trial has ended (21/2/23) for the shareholders lawsuit to void Elon Musk $55 billion pay packages tied to Tesla share price, citing material misleading disclosure in 2018 on Elon Musk involvement in the compensation discussion & unjustly enriched himself. The ruling by United States Delaware court Chancellor Kathaleen McCormick will be announced at least a few months later. Tesla share price is trading around $196 (24/2/23) and traded around $22 5 years ago (2018), representing 890% increase in share performance. In 2022 June, Elon Musk, Tesla & SpaceX have received a $258 billion class action lawsuit for defrauding & promoting Dogecoin pyramid scheme. In the filing by American citizen Keith Johnson in a federal Manhattan court (New York, United States), the class action lawsuit seeks $258 billion in total damages, an order blocking Elon Musk & companies from promoting Dogecoin, and declaring Dogecoin trading as gambling under United States & New York law. More info below:
“ United States Delaware Court Voids Elon Musk $55 Billion Tesla CEO Pay Package & Ruled the Compensation as Excessive, Shareholders Lawsuit in 2022 Cited Material Misleading Disclosure in 2018 on Elon Musk Involvement in the Compensation Discussion & Unjustly Enriched Himself “
5-Day United States Court Trial Ends for Shareholders Lawsuit to Void Elon Musk $55 Billion Pay Packages Tied to Tesla Share Price, Cited Material Misleading Disclosure in 2018 on Elon Musk Involvement in the Compensation Discussion & Unjustly Enriched Himself
25th February 2023 – The 5-day United States court trial has ended (21/2/23) for the shareholders lawsuit to void Elon Musk $55 billion pay packages tied to Tesla share price, citing material misleading disclosure in 2018 on Elon Musk involvement in the compensation discussion & unjustly enriched himself. The ruling by United States Delaware court Chancellor Kathaleen McCormick will be announced at least a few months later. Tesla share price is trading around $196 (24/2/23) and traded around $22 5 years ago (2018), representing 890% increase in share performance. In 2022 June, Elon Musk, Tesla & SpaceX have received a $258 billion class action lawsuit for defrauding & promoting Dogecoin pyramid scheme. In the filing by American citizen Keith Johnson in a federal Manhattan court (New York, United States), the class action lawsuit seeks $258 billion in total damages, an order blocking Elon Musk & companies from promoting Dogecoin, and declaring Dogecoin trading as gambling under United States & New York law.
5-Day United States Court Trial Ends for Shareholders Lawsuit to Void Elon Musk $55 Billion Pay Packages Tied to Tesla Share Price, Cited Material Misleading Disclosure in 2018 on Elon Musk Involvement in the Compensation Discussion & Unjustly Enriched Himself
Elon Musk, Tesla & SpaceX Receive $258 Billion Class Action Lawsuit for Defrauding & Promoting Dogecoin Pyramid Scheme
17th June 2022 – Elon Musk, Tesla & SpaceX have received a $258 billion class action lawsuit for defrauding & promoting Dogecoin pyramid scheme. In the filing by American citizen Keith Johnson in a federal Manhattan court (New York, United States), the class action lawsuit seeks $258 billion in total damages, an order blocking Elon Musk & companies from promoting Dogecoin, and declaring Dogecoin trading as gambling under United States & New York law. In the filing: “Dogecoin is not a currency, stock, or security. It’s not backed by gold, other precious metal, or anything at all. You can’t eat it, grow it, or wear it … … It doesn’t pay interest or dividend. It has no unique utility compared to other cryptocurrencies … … It’s not secured by a government or private entity. It’s simply a fraud whereby ‘greater fools’ are deceived into buying the coin at a higher price.”
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