"Elon Musk and Tesla Shareholder Seek Stay of Pay Ruling Amid $56B Package Appeal"

Elon Musk and a Tesla shareholder are seeking to pause a court ruling voiding Musk's $56 billion pay package until an appeal is resolved. They will propose a final order for approval by the judge, including a petition for legal fees, likely to be among the largest ever. If approved, Musk would have 60 days to file an appeal with the Delaware Supreme Court, which could take at least six months to resolve. The ruling rescinded Musk's stock options-based pay package, with the court finding that he improperly controlled the negotiation process and shareholders lacked information when they approved the package in 2018.