Tesla to Ask Investors to Vote to Approve Elon Musk Voided $55 Billion Pay Package & to Move Incorporation to Texas, United States Delaware Court Had Voided Elon Musk $55 Billion Tesla CEO Pay Package in February 2024 & 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
20th April 2024 | Hong Kong
Tesla is seeking to ask investors to vote to approve Elon Musk voided $55 billion pay package, and to move incorporation to Texas. In February 2024, a United States Delaware court 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). The 3 law firms who had won & voided Elon Musk $55 billion Tesla CEO pay package lawsuit have filed for a record $6 billion in legal fees to a Delaware court (United States). The 3 law firms are Bernstein Litowitz Berger & Grossmann, Friedman Oster & Tejtel and Andrews & Springer. 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:
“ Tesla to Ask Investors to Vote to Approve Elon Musk Voided $55 Billion Pay Package & to Move Incorporation to Texas, United States Delaware Court Had Voided Elon Musk $55 Billion Tesla CEO Pay Package in February 2024 & 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 “
3 Law Firms Who Won & Voided Elon Musk $55 Billion Tesla CEO Pay Package Lawsuit Filed for Record $6 Billion Legal Fees, 3 Law Firms are Bernstein Litowitz Berger & Grossmann, Friedman Oster & Tejtel and Andrews & Springer
2nd March 2024 – The 3 law fiirms who had won & voided Elon Musk $55 billion Tesla CEO pay package lawsuit have filed for a record $6 billion in legal fees to a Delaware court (United States). The 3 law firms are Bernstein Litowitz Berger & Grossmann, Friedman Oster & Tejtel and Andrews & Springer. In February 2024, Elon Musk Tesla (31/1/24: $596 billion market value) had seeked to hold a Tesla shareholder vote to move incorporation from Delaware to Texas after losing the $55 billion CEO pay package lawsuit. Elon musk posted a poll on social media platform X to shift to incorporation to Texas with 87% voting yes from 1.1 million votes. Earlier, a United States Delaware court 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:
Elon Musk $596 Billion Tesla to Hold Shareholder Vote to Move Incorporation from Delaware to Texas after Losing $55 Billion CEO Pay Package Lawsuit, Elon Musk Posted Poll on Social Media Platform X to Shift to Texas with 87% Voting Yes from 1.1 Million Votes
1st February 2024 – Elon Musk Tesla (31/1/24: $596 billion market value) is seeking to hold a Tesla shareholder vote to move incorporation from Delaware to Texas after losing the $55 billion CEO pay package lawsuit. Elon musk posted a poll on social media platform X to shift to incorporation to Texas with 87% voting yes from 1.1 million votes. Earlier, a United States Delaware court 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
1st February 2024 – 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:
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.”
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
