Kathaleen McCormick

EV giant Tesla Inc. (NASDAQ:TSLA) and CEO Elon Musk can now reportedly begin legal appeals to try and reinstate the CEO’s $56 billion pay package. What Happened: Chancellor Kathaleen McCormick of the Court of Chancery has issued an order opening a 30-day window for Tesla and Musk to appeal to...

A Delaware judge once again struck down a compensation plan for Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk from 2018 on Monday, six months after Tesla shareholders approved the $56 billion pay package for a second time. The Timeline: Delaware Chancery Court Judge Kathaleen McCormick ruled in...

A Delaware judge has once again struck down a compensation plan for Tesla Inc (NASDAQ:TSLA) CEO Elon Musk from 2018, news that comes six months after Tesla shareholders approved the pay package for a second time. What Happened: A 2018 pay compensation plan provided several milestones that seemed...

Future Fund Managing Partner Gary Black has criticized two Delaware judges for allegedly overstepping their roles in a recent Tesla Inc. (NASDAQ:TSLA) case. What Happened: Black took to social media platform X to express his disapproval of the actions of Delaware Chancellor Kathaleen McCormick and...

Tesla Inc. (NASDAQ:TSLA) shareholders approved the pay compensation package plan for CEO Elon Musk that was originally approved in 2018, during the annual shareholders meeting. The next step for Musk is reportedly to convince a skeptical Delaware judge to approve his $56 billion pay package after...

Chancellor Kathaleen McCormick, the Delaware judge who nullified Musk’s $56 billion pay package, said that she is assured Tesla Inc. (NASDAQ:TSLA) will not challenge the ruling on CEO Elon Musk’s pay package in any other jurisdiction. What Happened: This assurance came after the...

A Delaware judge recently ruled against a $56 billion compensation plan for Tesla Inc (NASDAQ:TSLA) CEO Elon Musk, which created some level of uncertainty for the company. Musk could soon be appealing the decision. What Happened: Shareholders and analysts have been expecting Musk to appeal the...

Kim Dotcom, founder and former CEO of the now-defunct file-sharing website Megaupload, claimed on Thursday that the revocation of Elon Musk‘s $56 billion pay package is part of an ongoing campaign by the Joe Biden-led government against the Tesla Inc (NASDAQ:TSLA...

Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk shared a cryptic one-word post after a Delaware judge rescinded his $55.8 billion pay package. What Happened: Musk’s response, a succinct “Interesting,” came just a day after Chief Judge Kathaleen McCormick of the Chancery Court voided the...

A 2018 compensation plan for Tesla Inc (NASDAQ:TSLA) CEO Elon Musk that was worth over $55 billion was voided Tuesday in a ruling by a Delaware judge. A leading Tesla analyst weighs in on what the ruling means and what's next for Tesla. The Tesla Analyst: Wedbush analyst Daniel Ives has an...

As Tesla Inc (NASDAQ: TSLA) CEO Elon Musk’s takeover of Twitter Inc (NYSE: TWTR) inches closer, banks have reportedly begun to send cash in order to back the deal. What Happened: Late Tuesday, Musk sent a borrowing notice to banks, which led to the initiation of a process now underway, The...

Delaware Chancery Court Judge Kathaleen McCormick, on Thursday, stayed the legal battle between Elon Musk and Twitter Inc. (NYSE: TWTR) until Oct. 28 to allow the two parties to close the deal. What Happened: Delving on the development, Future Fund analyst Gary Black suggested the deferral was to...

Despite news that Elon Musk again submitted a bid to acquire social media platform Twitter Inc (NYSE: TWTR), a trial between the Tesla Inc (NASDAQ: TSLA) CEO and the acquisition target is still on. What Happened: Judge Kathaleen McCormick sent a notice to counsel in the court case involving...

Delaware Chancery Court Judge Kathaleen McCormick, who is overseeing the lawsuit between Twitter, Inc. (NYSE: TWTR) and Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk on Thursday ruled that the billionaire can amend his countersuit to include the $7.8 million severance payment the social media...

The latest step in the ongoing Twitter buyout saga was completed Tuesday. Here’s the latest in the battle between social media platform Twitter Inc (NYSE: TWTR) and Tesla Inc (NASDAQ: TSLA) CEO Elon Musk. What Happened: Twitter shareholders voted to approve a $44 billion buyout from Musk. The...