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Tesla Fires Back at Investor Who Doesn't Want Pay Fight in Texas [BNN Bloomberg (Canada)]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
asking the judge to bar the billionaire from moving the executive-compensation dispute to Texas, the car company's lawyers argue. Tesla investor Richard Tornetta is raising false alarms about the company's proxy asking shareholders to support reincorporating the electric-vehicle maker in Texas and reinstate Musk's voided pay, John Reed, one of Tesla's attorneys, said in a Delaware Chancery Court filing Thursday. Musk has been threatening to move Tesla's corporate home from Delaware to Texas after Judge Kathaleen St. J. McCormick in January rescinded his pay package over director conflicts and Tesla's failure to properly disclose the plan's details. Tornetta wants McCormick to issue an order barring Musk from litigating the pay issue anywhere other than Delaware. “There are no pending or threatened actions in Texas or anywhere else” aimed at re-litigating the pay suit and Musk has done nothing that would interfere with McCormick issuing a final judgment in the case, Reed said in
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