Court of Chancery News

Tesla Directors Pay $735M to Settle Lawsuit over Excess Compensation

WILMINGTON, Delaware –– Tesla Inc’s directors will return $735 million to the company to settle claims they grossly overpaid themselves in one of the largest shareholder settlements of its kind, according to a Monday filing in a Delaware court. The …

Judge Rules McDonald’s Can Sue Ousted CEO Over Alleged Lies About Affairs

A Delaware judge on Tuesday rejected former McDonald’s Corp Chief Executive Steve Easterbrook’s bid to dismiss a lawsuit by the fast-food chain seeking to recoup millions of dollars in severance pay because he allegedly covered up improper sexual relationships with …