{"id":468,"date":"2024-04-30T15:57:40","date_gmt":"2024-04-30T15:57:40","guid":{"rendered":"https:\/\/usatrustedlawyers.com\/blog\/chancery-urged-to-block-tesla-run-from-jurisdiction-in-elon-musk-pay-case\/"},"modified":"2024-04-30T15:57:40","modified_gmt":"2024-04-30T15:57:40","slug":"chancery-urged-to-block-tesla-run-from-jurisdiction-in-elon-musk-pay-case","status":"publish","type":"post","link":"https:\/\/usatrustedlawyers.com\/blog\/chancery-urged-to-block-tesla-run-from-jurisdiction-in-elon-musk-pay-case\/","title":{"rendered":"Chancery Urged to Block Tesla &#8216;Run From Jurisdiction&#8217; in Elon Musk Pay Case"},"content":{"rendered":"\n<div>\n<p>Tesla\u2019s proposals to reinstate Elon Musk\u2019s compensation plan and reincorporate in Texas have prompted a new chapter in the Court of Chancery case that invalidated that plan, with the shareholder plaintiff filing five motions on Tuesday.<\/p>\n<p>Those motions seek an\u00a0<a href=\"https:\/\/drive.google.com\/file\/d\/1YR4O31zIZUv7kZaIm9B1BZNgL_2EBn8I\/view?usp=sharing\" rel=\"nofollow noopener\" target=\"_blank\">injunction<\/a> that would prevent Tesla or any of\u00a0its directors from sidestepping Chancellor Kathaleen McCormick\u2019s Jan. 30 post-trial decision and litigating anything related to the case in another jurisdiction,\u00a0<a href=\"https:\/\/drive.google.com\/file\/d\/1tCC5EdcHOPULkpjuXH329fr_JPo_onn6\/view?usp=sharing\" rel=\"nofollow noopener\" target=\"_blank\">proposing<\/a> that the court order the more than 303 million shares included in Musk\u2019s compensation plan to be sequestered\u00a0or placed in a constructive trust.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Tesla\u2019s proposals to reinstate Elon Musk\u2019s compensation plan and reincorporate in Texas have prompted a new chapter in the Court of Chancery case that invalidated that plan, with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":469,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[504,294,502,508,507,509,510,506,505,503],"class_list":["post-468","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lawyers","tag-block","tag-case","tag-chancery","tag-elon","tag-jurisdiction","tag-musk","tag-pay","tag-run","tag-tesla","tag-urged"],"_links":{"self":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/468","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/comments?post=468"}],"version-history":[{"count":0,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/posts\/468\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media\/469"}],"wp:attachment":[{"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/media?parent=468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/categories?post=468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/usatrustedlawyers.com\/blog\/wp-json\/wp\/v2\/tags?post=468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}