WILMINGTON, Delaware, Dec 2 (Reuters) - A Delaware judge
ruled on Monday that Tesla CEO Elon Musk still is not
entitled to receive a $56 billion compensation package despite
shareholders of the electric vehicle company voting to reinstate
it.
The ruling by the judge, Chancellor Kathaleen McCormick of
the Court of Chancery, follows her January decision that called
the pay package excessive and rescinded it, surprising
investors, and cast uncertainty over Musk's future at the
world's most valuable carmaker.
Tesla has said in court filings that the judge should
recognize a subsequent June vote by its shareholders in favor of
the pay package for Musk, the company's driving force who is
responsible for many of its advances, and reinstate his
compensation.
McCormick also ordered Tesla to pay the attorneys who
brought the case $345 million, well short of the billions they
initially requested.