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Browse: Home / 2021 / March / 16 / Elon Musk Is Out of Control: It’s the General Counsel’s Fault, Suit Alleges | Corporate Counsel

Elon Musk Is Out of Control: It’s the General Counsel’s Fault, Suit Alleges | Corporate Counsel

By Securities Docket on March 16, 2021, 8:50 am

A newly unsealed lawsuit alleging that Tesla Inc.’s board of directors failed to appoint a general counsel who could stand up to controversial CEO Elon Musk highlights the limited options that company counsel have when dealing with difficult bosses.

Tesla investor Chase Gharrity alleges, in a derivative suit filed in the Delaware Court of Chancery, that the Palo Alto, California-based electric vehicle maker’s board has been unable to control Musk and his “increasingly erratic behavior and misconduct.”

Source: Elon Musk Is Out of Control: It’s the General Counsel’s Fault, Suit Alleges | Corporate Counsel

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Posted in Industry, SEC, Top | Tagged Derivative Actions, Tesla

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