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A judge ruled against a $56 billion compensation package for Tesla CEO Elon Musk. A new report indicates an appeal from Musk is coming soon.
SpaceX is just the latest Elon Musk-led company to ditch Delaware after a judge ruled Musk's record-breaking $56 billion Tesla pay package is "an unfathomable sum" that's unfair to shareholders.
An attorney for the Tesla shareholder said the two sides will agree to a stay if they can reach a deal on an appeal bond
According to legal experts, Elon Musk's team will likely appeal the ruling at the Delaware state Supreme Court.
Elon Musk and the Tesla shareholder who won a verdict last month voiding the CEO's $56 billion pay package will ask a judge to pause her ruling until an appeal is resolved, according to a...