Tesla kicks off legal fight to reinstate Musk's pay
) began its fight for legal recognition of a shareholder vote favoring Elon Musk's record compensation, telling a Delaware judge that it"significantly impacts" her ruling voiding the pay, according to a letter made public on Monday.) that the parties in the pay package case should now lay out their legal interpretations of Thursday's ratification of Musk's pay, rather than moving ahead with the case on the prior schedule.
Tesla has said the ratification process was"novel" and it was unclear if McCormick and the Delaware Supreme Court would accept the result. A special committee of its board reviewed the pay package and determine it was in the best interest of shareholders, which Tesla said fixed the problem of Musk's dominance in the process.
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