BLB&G Named a Law360 “Legal Lion of the Week”

February 2, 2024

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BLB&G was named a “Legal Lion of the Week” by Law360 following the Delaware Court of Chancery's decision to strike down Elon Musk's proposed $55 billion Tesla pay package.

Serving as co-lead trial counsel, the firm litigated the Tesla case for more than four years, examining key witnesses—including Elon Musk himself—and presenting a strong factual record to the court. In her decision, Chancellor Kathaleen McCormick found that Musk and the directors of Tesla breached their fiduciary duties to shareholders, warranting a rescission of the compensation plan.

The Tesla shareholders were represented by partners Greg Varallo and Jeroen van Kwawegen and associates Glenn McGillivray and Meg Sanborn-Lowing.