Chancery Rejects Class Deposition Bid Ahead Of Musk Trial

By Jeff Montgomery (July 7, 2021, 5:36 PM EDT) -- Tesla Inc. stockholder attorneys lost an eleventh-hour bid Wednesday to compel the handover of recent director depositions taken for a case challenging CEO Elon Musk's compensation, sought for use in a Delaware Chancery Court trial next week targeting Musk's clout in an earlier, $2.6 billion merger approval.

Vice Chancellor Joseph R. Slights, ruling at the end of a pre-trial teleconference, said the June 4 deposition request came too late and was potentially prejudicial to Musk, slated to be the first witness in a 10-day trial beginning Monday in Wilmington on Tesla's purchase of SolarCity in July 2016.

In addition, the vice...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!