Delaware
Elon Musk cannot keep Tesla pay package worth more than $55 billion, Delaware judge rules
In trial testimony in November 2022, Musk denied that he dictated terms of the compensation package or attended any meetings at which the plan was discussed by the board, its compensation committee, or a working group that helped develop it.
McCormick determined, however, that because Musk was a controlling shareholder with a potential conflict of interest, the pay package must be subject to a more rigorous standard.
“The process leading to the approval of Musk’s compensation plan was deeply flawed,” McCormick wrote in the colorfully written 200-page decision. “Musk had extensive ties with the persons tasked with negotiating on Tesla’s behalf.”
McCormick specifically cited Musk’s long business and personal relationships with compensation committee chairman Ira Ehrenpreis and fellow committee member Antonio Gracias. She also noted that the working group working on the pay package included general counsel Todd Maron who was Musk’s former divorce attorney.
“In fact, Maron was a primary go-between Musk and the committee, and it is unclear on whose side Maron viewed himself,” the judge wrote. “Yet many of the documents cited by the defendants as proof of a fair process were drafted by Maron.”
McCormick concluded that the only suitable remedy was for Musk’s compensation package to be rescinded. “In the final analysis, Musk launched a self-driving process, recalibrating the speed and direction along the way as he saw fit,” she wrote. “The process arrived at an unfair price. And through this litigation, the plaintiff requests a recall.”
Greg Varallo, a lead attorney for the shareholder plaintiff, praised McCormick’s decision to reverse the “absurdly outsized” Musk pay package for Musk.
“The fact that they lost this in Delaware court, it’s a jaw dropper,” said Wedbush Securities analyst Dan Ives. “It’s unprecedented, a ruling like this. I think going in investors thought it was just typical legal noise and nothing was going to come out about it. The fact that they went head to head with Tesla and Musk and the board and voided this, it’s a huge legal decision.”
During his trial testimony, Musk downplayed the notion that his friendships with certain Tesla board members, including sometimes vacationing together, meant that they were likely to do his bidding.
The plan called for Musk to reap billions if Tesla hit certain market capitalization and operational milestones. For each incidence of simultaneously meeting a market cap milestone and an operational milestone, Musk, who owned about 22% of Tesla when the plan was approved, would get stock equal to 1% of outstanding shares at the time of the grant. His interest in the company would grow to about 28% if the company’s market capitalization grew by $600 billion.
Each milestone included growing Tesla’s market capitalization by $50 billion and meeting aggressive revenue and pretax profit growth targets. Musk stood to receive the full benefit of the pay plan, $55.8 billion, only by leading Tesla to a market capitalization of $650 billion and unprecedented revenues and earnings within a decade.
Tesla has achieved all twelve market capitalization milestones and eleven operational milestones, providing Musk nearly $28 billion in stock option gains, according to a January post-trial brief filed by the plaintiff’s attorneys. The stock option grants are subject to a five-year holding period, however.
Defense attorney Evan Chesler argued at trial that the compensation package was a “high-risk, high-reward” deal that benefitted not just Musk, but Tesla shareholders. After the plan was implemented, the value of the company, based in Austin, Texas, climbed from $53 billion to more than $800 billion, having briefly hit $1 trillion.
Chesler also said Tesla made sure that the $55 billion compensation figure was included in the proxy statement because the company wanted shareholders to know that “this was a heart-stopping number that Mr. Musk could earn.”
The Delaware Lottery offers several draw games for those aiming to win big.
Here’s a look at Monday, April 20, 2026 results for each game:
Winning Powerball numbers from April 20 drawing
09-17-36-47-64, Powerball: 26, Power Play: 3
Check Powerball payouts and previous drawings here.
Winning Play 3 numbers from April 20 drawing
Day: 2-2-8
Night: 4-8-2
Check Play 3 payouts and previous drawings here.
Winning Play 4 numbers from April 20 drawing
Day: 5-8-5-9
Night: 8-8-4-8
Check Play 4 payouts and previous drawings here.
Winning Multi-Win Lotto numbers from April 20 drawing
02-04-06-10-11-25
Check Multi-Win Lotto payouts and previous drawings here.
Winning Lotto America numbers from April 20 drawing
05-07-31-41-43, Star Ball: 07, ASB: 02
Check Lotto America payouts and previous drawings here.
Winning Play 5 numbers from April 20 drawing
Day: 1-5-6-0-1
Night: 0-6-7-5-5
Check Play 5 payouts and previous drawings here.
Feeling lucky?Explore the latest lottery news & results
Are you a winner? Here’s how to claim your lottery prize
-
Sign the Ticket: Establish legal ownership by signing the back of your ticket with an ink pen.
-
Prizes up to $599: Claim at any Delaware Lottery Retailer, in person at the Delaware Lottery Office, or mail your signed ticket and claim form; print your name/address on the ticket’s back and keep a copy/photo for records. By mail, send original tickets and documentation to: Delaware Lottery, 1575 McKee Road, Suite 102, Dover, DE 19904.
-
Prizes up to $2,500: Claim in person at Delaware Lottery Retailer Claim Centers throughout Kent, Sussex and New Castle Counties.
-
Prizes of $5,001 or more: Claim in person at the Delaware Lottery Office (business days 8 a.m. to 4 p.m.) with a photo ID and Social Security card.
-
For all prize claims, directions to the Delaware Lottery Office are available online or via mapquest.com for a map.
Check previous winning numbers and payouts at Delaware Lottery.
Can I claim a jackpot prize anonymously in Delaware?
Fortunately for First State residents, the Delaware Lottery allows winners remain anonymous. Unlike many other states that require a prize be over a certain jackpot, Delawareans can remain anonymous no matter how much, or how little, they win.
How long do I have to claim my prize in Delaware?
Tickets are valid for up to one year past the drawing date for drawing game prizes or within one year of the announced end of sales for Instant Games, according to delottery.com.
When are the Delaware Lottery drawings held?
-
Powerball: 10:59 p.m. Monday, Wednesday, and Saturday.
-
Mega Millions: 11:00 p.m. on Tuesday and Friday.
-
Play 3, 4: Daily at 1:58 p.m. and 7:57 p.m., except Sunday afternoon.
-
Multi-Win Lotto: 7:57 p.m. Monday, Wednesday, and Friday.
-
Lucky for Life: Daily at 10:38 p.m.
-
Lotto America: 11:00 p.m. Monday, Wednesday, and Saturday
Missed a draw?Peek at the past week’s winning numbers.
This results page was generated automatically using information from TinBu and a template written and reviewed by a Delaware Online digital operations manager. You can send feedback using this form.
This article originally appeared on Delaware News Journal: Delaware Lottery Powerball, Play 3 Day winning numbers for April 20, 2026
MUNCIE, IN — Five individuals and one organization were recognized for their contributions to Delaware County during the annual ViVA (Very Important Volunteer Award) luncheon on April 14, according to a community announcement.
The event, hosted by the Muncie Noon Rotary Club in partnership with the Muncie Sunrise Rotary Club, has been a tradition since 1993. The ViVA Awards celebrate those who dedicate their time and resources to uplift the community.
Vickie Armstrong Oliver, Ken Glaub, Dottie Kreps and Beth Kroehler each received individual ViVA Awards for their volunteer efforts and commitment to various causes.
The Muncie Central High School Alumni Association was presented with the 2026 ViVA Organizational Award. Since 1995, the association has supported the high school through philanthropy and historical preservation.
The association has awarded more than $76,000 in scholarships to seniors and nearly $39,000 in teacher grants. It has also financed various campus needs, including the restoration of the school’s Abraham Lincoln statue. The board maintains a public Memorabilia Room to preserve the school’s legacy.
Linda Gregory received the Edmund F. Ball Lifetime Achievement Award for her lifelong dedication to service in the community.
The ViVA Awards luncheon served as a reminder of the generosity and compassion that define Delaware County’s volunteer heritage, according to the announcement.
This story was created with the assistance of Artificial Intelligence (AI). Journalists were involved in every step of the information gathering, review, editing and publishing process. Learn more at cm.usatoday.com/ethical-conduct.
The Delaware Marathon Run Fest on Sunday ended with a photo finish that proved nothing is over until it’s over.
In a video taken by the Instagram user @aktiv8edleem and shared with NBC10, a runner is seen jogging in the lead with his arms raised as if he’s won. But then, another man sprints up the final stretch and passes him for the win.
-
World3 minutes agoMexico pyramid shooter who took hostages and killed 1 is identified
-
Politics9 minutes agoByron Donalds cracks down on persistent border blind spot leaving US vulnerable to overstays
-
Health15 minutes agoHealthy diets spark lung cancer risk in non-smokers as pesticides loom
-
Sports21 minutes agoPGA Tour signals new era with axing of Hawaii events from schedule
-
Technology27 minutes agoAlexa+ lets you order food like a real conversation
-
Business33 minutes agoNew lawsuit alleges Uber is violating drivers’ rights. Here’s how
-
Entertainment39 minutes agoReview: Trigger warning? ‘For Want of a Horse’ gives new meaning to the term ‘animal lover’
-
Lifestyle45 minutes agoMore is more in this L.A. ‘barn’ exploding with thrifted finds and maximalist flair