Elon Musk’s authorized troubles at the moment are the topic of a legislation faculty class

Elon Musk’s authorized troubles at the moment are the topic of a legislation faculty class

Elon Musk holds hands out wide with fingers pointed toward the sky during SpaceX press conference

Elon Musk holds fingers out huge with fingers pointed towards the sky throughout SpaceX press conventionJIM WATSON/AFP through Getty Photos

  • UCLA legislation faculty is providing a category referred to as “Legislation of Elon Musk” on the billionaire’s enterprise dealings.

  • Taught by company legislation knowledgeable professor Stephen Bainbridge, the course covers lawsuits in opposition to Musk.

  • “He is producing plenty of actually attention-grabbing case legislation,” Bainbridge instructed NY Magazine.

With Tesla and SpaceX mired in lawsuits relating to CEO compensation, the potential Twitter acquisition, and associated securities investigations, billionaire Elon Musk’s authorized troubles are the central subject of a brand new class at UCLA legislation faculty being provided subsequent semester.

The “Legislation of Elon Musk” course, taught by company legislation knowledgeable Professor Stephen Bainbridge, covers Musk’s “push the sting of the envelope fashion” of enterprise management and lawsuits relating to Tesla’s buy of SolarCity, an organization by which Musk was a shareholder, the continuing battle about Musk’s would-be acquisition of Twitter, and potential conflicts of curiosity in his enterprise dealings.

“As somebody who manages an immense quantity of different individuals’s cash, Musk continually faces the temptation to pursue his personal pursuits and objectives moderately than specializing in the welfare of those that have entrusted him with their financial savings,” the course abstract reads. “This course examines a few of the methods by which legislation constrains (or fails to) Musk’s divergences from shareholder pursuits.”

Bainbridge didn’t instantly reply to Insider’s request for remark.

Musk, Bainbridge instructed NY Magazine, is an “extremely sensible and adventurous man who’s able to producing concepts that produce monumental quantities of worth however who could be a ache within the butt as a consumer as a result of he usually leaps earlier than he appears to be like.” These leaps, he stated, have resulted in a continuing sample of flouting authorized process that has resulted in a number of lawsuits and securities litigation.

“[Musk is] producing plenty of actually attention-grabbing case legislation out of Delaware,” Bainbridge instructed NY Magazine about his class.

Regardless of being headquartered in California, the authorized battle over Twitter’s future is transferring by the Delaware courtroom system as the social media firm was integrated within the state in 2007.

“After which there’s a pending case on his Tesla CEO compensation package deal, which is a superb case as a result of it is what is going to strike the scholars as an egregious sum of money — billions of {dollars} in CEO compensation — in extra of something we have ever seen,” Bainbridge instructed NY Magazine.

As Musk’s 15% stake in Tesla has referred to as into query typical knowledge {that a} controlling curiosity requires a 50 % share of the enterprise, Bainbridge’s course will even cowl how the richest man on the planet has modified company legislation, equivalent to figuring out the controlling shareholder of an organization.

“There are all these instances from completely different areas that each one contain Musk,” Bainbridge instructed NY Magazine. “And given how excessive profile he’s this yr with Twitter and all the pieces, I believed this is able to be a approach of actually grabbing the scholars’ consideration.”

Representatives for Musk didn’t instantly reply to Insider’s request for remark.

Learn the unique article on Enterprise Insider

Share this content: