BusinessLegal Careers

Delaware Supreme Court Hears Musk’s $56 Billion Tesla Pay Package Appeal

The legal battle over Elon Musk’s $56 billion Tesla pay package has reached the Delaware Supreme Court. The case could reshape corporate governance standards and impact Delaware’s reputation as a business-friendly jurisdiction.

High-Stakes Legal Battle Over Musk Compensation

The Delaware Supreme Court is hearing arguments regarding Elon Musk’s $56 billion compensation package from Tesla, according to reports, in a case that analysts suggest could significantly impact corporate law standards nationwide. The appeal follows a January 2024 ruling from the Delaware Court of Chancery that struck down the massive pay package, which has since become a focal point for critics of Delaware‘s business courts.

Assistive TechnologyLegal Careers

** New York Lawsuit Accuses Meta and Alphabet of Fueling Youth Mental Health Crisis

** New York City has filed a major lawsuit against Meta, Alphabet, Snap, and ByteDance, accusing them of gross negligence and creating a public nuisance by fueling a youth mental health crisis. The city claims their platforms use addictive algorithms that harm children’s mental health. Over one-third of teens report near-constant social media use they admit is excessive. **CONTENT:**

New York City is taking legal action against the parent companies of Facebook, Instagram, YouTube, Snapchat, and TikTok, alleging their platforms have created a youth mental health crisis through addictive design and gross negligence. The 327-page lawsuit filed in the Southern District of New York targets Meta Platforms, Alphabet Inc., Snap, and ByteDance for what city officials describe as a “public nuisance” that has hooked children on social media.