CoinVoice has learned that, according to X Daily News, a Delaware Court of Chancery judge has once again rejected Tesla CEO Elon Musk's $55.8 billion compensation plan. The judge ruled based on the following three points:
Shareholder votes cannot retroactively validate breaches of fiduciary duty, especially in transactions where there is a conflict of interest;
Tesla did not raise the argument of ratification during the trial, rendering it procedurally invalid;
The solicitation materials used for voting were misleading, harming the legitimacy of the vote.
Additionally, the court rejected Tesla's attempt to use shareholder votes as new evidence to overturn a previous ruling. The court emphasized that post-trial evidence cannot be used in this manner, as allowing such a strategy would undermine the deterrent effect of lawsuits aimed at holding corporate leaders accountable for misconduct. [Original link]