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CalPERS Opposes $5B Atty Fee In Musk Pay Fight

The nation's largest public pension fund lined up Wednesday against a proposed $5 billion-plus fee for stockholder attorneys whose Delaware Court of Chancery suit blocked Tesla CEO Elon Musk's one-time $56 billion compensation plan, one day ahead of a Tesla shareholder vote to resurrect the pay deal. ....

United States , Jeff Montgomery , Elon Musk , Delaware Court ,

Battle Lines Drawn As Major Del. Corporate Law Tweak Looms

On Tuesday morning, seven Delaware state senators are set to open the first public round of debates on a fast-tracked Delaware General Corporation Law amendment package that would allow boards to cede some governance rights to big stockholders and Delaware Court oversight for some corporate actions to other jurisdictions. ....

United States , Jeff Montgomery , Delaware Court , Corporation Law , Delaware General Corporation Law ,

FaZe Clan SPAC Investor Sues B. Riley In Chancery Court

Former stockholders of the blank-check company that took electronic sports and entertainment company FaZe Clan public in a $725 million transaction in July 2022 sued B. Riley Financial and others behind the deal on Friday in Delaware's Court of Chancery, alleging disclosure failures and breaches of fiduciary duty. ....

United States , Jeff Montgomery , Delaware Court , Faze Clan ,