Future Tech

Musk, Tesla shareholder to propose a stay of pay ruling during appeal - court filing

Tan KW
Publish date: Wed, 14 Feb 2024, 11:34 PM
Tan KW
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Future Tech

WILMINGTON, Delaware - 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 Tuesday letter to the court from the shareholder's attorney.

Greg Varallo, the shareholder attorney, said the two sides will agree to a stay if they can reach a deal on an appeal bond.

 


  - Reuters

 

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