Elon Musk loses $56billion in a lawsuit filed by a heavy metal drummer

By editorial board on February 3, 2024

Elon Musk’s $56billion Tesla pay package was recently tossed out by a Delaware judge due to a lawsuit filed by a heavy metal drummer.

Per Reuters, Delaware judge Kathleen St. J. McCormick voided Musk’s Tesla pay package on Tuesday, January 30, after calling it “an unfathomable sum” and saying it was unfair to shareholders.

A 2018 lawsuit was brought against Musk by Richard Tornetta – a former heavy metal drummer who was part of the band Dawn of Correction and owned nine shares of Tesla at the time. He accused the tech billionaire of “improperly dictating negotiations around the gargantuan payment package” and claimed that “the board had acted without independence,” (per Newsweek).

In response to the judge’s ruling, Musk tweeted: “Never incorporate your company in the state of Delaware.”

Dawn Of Correction released their EP ‘Swingin’ the Chain’ and their debut album ‘Dead Hand Control’ before breaking up in 2008. Speaking about his biggest influences in a interview with Metal Underground back in 2006, Tornetta said, “Mike Portnoy is the biggest. Another biggie is Dave Weckl and definitely Vinnie Paul.”

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