Richard J. Tornetta v. Elon Musk

Opinion

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.