Richard J. Tornetta v. Elon Musk

COURT OF CHANCERY
OF THE
STATE OF DELAWARE
KATHALEEN ST. JUDE MCCORMICK LEONARD L. WILLIAMS JUSTICE CENTER
CHANCELLOR 500 N. KING STREET, SUITE 11400
WILMINGTON, DELAWARE 19801-3734

June 27, 2024

Gregory V. Varallo William M. Lafferty
Glenn R. McGillivray Susan W. Waesco
Daniel E. Meyer Ryan D. Stottmann
BERNSTEIN LITOWITZ Miranda N. Gilbert
BERGER & GROSSMANN LLP Jacob M. Perrone
500 Delaware Avenue, Suite 901 MORRIS, NICHOLS,
Wilmington, DE 19801 ARSHT & TUNNELL LLP
1201 N. Market Street, 16th Floor
Peter B. Andrews Wilmington, DE 19801
Craig J. Springer
David M. Sborz Rudolf Koch
Andrew J. Peach John D. Hendershot
Jackson E. Warren Kevin M. Gallagher
ANDREWS & SPRINGER LLC Andrew L. Milam
4001 Kennett Pike, Suite 250 RICHARDS, LAYTON & FINGER, P.A.
Wilmington, DE 19807 One Rodney Square
920 North King Street
David E. Ross Wilmington, DE 19801
Garrett B. Moritz
Thomas C. Mandracchia David S. Eagle
ROSS ARONSTAM & MORITZ LLP Sally E. Veghte
1313 North Market St., Suite 1001 KLEHR HARRISON HARVEY
Wilmington, DE 19801 BRANZBURG LLP
919 N. Market Street, Suite 1000
Catherine A. Gaul Wilmington, DE 19801
Randall J. Teti
ASHBY & GEDDES, P.A. Anthony A. Rickey
500 Delaware Avenue, 8th Floor MARGRAVE LAW LLC
Wilmington, DE 19801 3411 Silverside Road
Baynard Building, Suite 104
John L. Reed Wilmington, DE 19810
Ronald N. Brown, III
Caleb G. Johnson Theodore A. Kittila
Daniel P. Klusman HALLORAN FARKAS + KITTILA LLP
DLA PIPER LLP (US) 5722 Kennett Pike
1201 N. Market Street, Suite 2100 Wilmington, DE 19807
Wilmington, DE 19801
C.A. No. 2018-0408-KSJM
June 27, 2024
Page 1 of 2

Re: Richard J. Tornetta v. Elon Musk, et al.,
C.A. No. 2018-0408-KSJM

Dear Counsel:

This letter addresses the defendants’ June 20, 2024 motion to vacate the

current schedule and order expedited briefing on the effect of the Tesla stockholders’

June 13, 2024 vote on this action.1 The motion is granted in part.

The parties are ordered to brief the effect of the stockholder vote consistent

with the expedited schedule that the defendants proposed and subject to the word

limits set out in Court of Chancery Rule 7(c)(3). The parties are instructed to contact

my Chambers to set a hearing on those issues for late July or the first week in August.

But we will go forward with the July 8, 2024 hearing on the plaintiff’s fee petition

and objections to that petition.

Given that we will hold a separate oral argument devoted solely to the

questions raised by the stockholder vote, for the purposes of the July 8 hearing, the

parties are instructed to argue the points at issue without regard to the stockholder

vote. All arguments concerning the stockholder vote will be deemed preserved.

IT IS SO ORDERED.

Sincerely,

/s/ Kathaleen St. Jude McCormick

Chancellor

cc: All counsel of record (by File & ServeXpress)

1 C.A. No. 2018-0408-KSJM, Docket 386.