Musk, Tesla shareholder to propose a stay of pay ruling during appeal – court filing

By Thomson Reuters Feb 14, 2024 | 8:56 AM

WILMINGTON, Delaware (Reuters) – Elon Musk and the Tesla shareholder who won a verdict last month voiding the CEO’s $56 billion pay package will ask a judge to pause her ruling until an appeal is resolved, according to a Tuesday letter to the court from the shareholder’s attorney.

Greg Varallo, the shareholder attorney, said the two sides will agree to a stay if they can reach a deal on an appeal bond.

(Reporting by Tom Hals in Wilmington, Delaware)