In Tornetta v. Musk, Delaware Chancery Court Applies Entire Fairness Review to Board's Grant of Incentive Compensation Award to Controlling Shareholder | Practical Law
In an unpublished opinion, the Delaware Court of Chancery held that the entire fairness standard of review applied at the motion to dismiss stage to a decision by the board of directors of Tesla, Inc. to grant an allegedly excessive incentive compensation award to Elon Musk, the company's chief executive officer (CEO) and controlling shareholder.