Tesla renews legal fight to reinstate Elon Musk's $56B pay package after shareholders back deal

Tesla launched a fresh bid to secure legal reinstatement of Elon Musk’s controversial $56 billion pay package on Monday – days after the company’s shareholders voted to ratify the record-setting agreement.In January, Delaware Chancery Court Judge Kathaleen McCormick voided Musk’s stock-based compensation plan, which she referred to as an “unfathomable sum.” The package was challenged in a lawsuit filed by Tesla shareholder Richard Tornetta.Tesla’s lawyers argued that the two sides should make their legal ar ...