A distinguished Delaware law expert weighs in on Tesla's effort to ratify the outrageous Musk compensation package. Musk fights back, down and dirty. But, it's no contest.| montanaskeptic.substack.com
With the Chancellor poised to decide the timing of final briefing in Tornetta v. Musk, we peek at Defendants' attempts to hide the ball, and also wonder whether they have any legal arguments at all.| montanaskeptic.substack.com
The issue before the Supreme Court in this matter centered on a Court of Chancery decision arising from a 2011 acquisition by MacAndrews & Forbes Holdings, Inc. (M&F), a 43% stockholder in M&F Worldwide Corp (MFW), of the remaining common stock of MFW. M&F’s proposal to take MFW private was made contingent upon two procedural conditions. Appellants initially sought to enjoin the transaction. They withdrew their request for injunctive relief after taking expedited discovery, including severa...| Justia Law
If Musk hoped to escape the gravity of Planet Chancellor McCormick by means of his “ratification” & reincorporation gambits, the Chancellor’s May 28 ruling has extinguished any such possibility.| montanaskeptic.substack.com
The August 2 Tornetta v. Musk hearing on "ratification" is one for the ages.| montanaskeptic.substack.com
The Board threatened to drive Tesla's share price to single digits unless the shareholders approved the "ratification." Are they idiots, or just liars?| montanaskeptic.substack.com