A Delaware appeals court has reversed an earlier judgment, clearing the way for Elon Musk to receive a long-contested $56 billion Tesla pay package. This decision overturns previous rulings by Chancellor Kathaleen McCormick.

• The Delaware Supreme Court rejected judgments that had invalidated the 2018 pay package.
• The key person involved is Elon Musk, CEO of Tesla.
• The appeals panel determined that Chancellor McCormick ruled improperly in ordering a rescission of the package.