Litigator of the Week: Quinn Emanuel Secures Delaware Supreme Court Victory for Musk and Tesla Directors

Congratulations to the Quinn Emanuel team led by Chris Michel and Chris Kercher, alongside the Sullivan & Cromwell team, on being named this week's "Litigators of the Week" by The American Lawyer!

In the largest compensation dispute in corporate history, the Delaware Supreme Court reversed the Court of Chancery’s decision to rescind Elon Musk's $56 billion Tesla compensation package, finding that remedy improperly left Musk uncompensated for six years of work that created hundreds of billions in shareholder value. The appellate teams successfully convinced the Court to reverse the remedy with massive stakes – a remarkable achievement given 200 pages of detailed adverse findings from the trial court.

This victory vindicates Tesla's engaged shareholder base, which voted twice in favor of the compensation plan, and reinforces that courts of equity cannot "unscramble the egg" after value has been created.

QE team: Chris Michel, Chris Kercher, Mike Barlow, Todd Beattie, Jonathan Feder, Shannon Doughty, Rachel Frank, Ted Ovrom, and George Phillips

Read about the victory here.