Elon Musk’s lawyers are seeking a delay in a hearing that would determine the legal fees that will be awarded to the legal team who challenged the CEO’s 2018 Performance Award. Tesla’s legal team noted that a recent shareholder vote which ratified Musk’s 2018 compensation plan impacts what remains to be decided in the case.
Tesla filed a motion on Friday requesting a postponement of the July 8th hearing, as noted in a Bloomberg News report. With the results of the 2024 Annual Stockholders’ Meeting in mind, Tesla noted that a delay in the hearing date would be pertinent so that its legal team could lay out the implications of the TSLA shareholders’ vote.
“Defendants respectfully submit that this Court should vacate the current Scheduling Order. In its place, the Court should enter an order setting forth an expeditious schedule to…
