Treasury to Develop Guidance for Churches Following Court Ruling Invalidating IRS Agreement on Political Candidate Endorsement
Judge Dismisses IRS Agreement on Political Endorsements by Churches A federal judge recently overturned an agreement that allowed churches to support political candidates without risking their tax-exempt status. This decision has implications related to the Johnson Amendment, which prohibits such endorsements. The U.S. Treasury Department and the IRS are now looking into providing more guidance […]
Judge reaffirms ruling invalidating massive Tesla pay package for Musk
A Delaware judge on Monday again blocked Elon Musk's multibillion-dollar compensation package from Tesla. The controversial compensation deal, currently worth more than $100 billion, was re-approved by Tesla shareholders in June. But Delaware Chancellor Judge Catherine McCormick declined to overturn an earlier decision invalidating the pay package. “A large and powerful defense industry group has […]
Tesla lawyers ask judge to vacate decision invalidating Musk’s $56B pay package
Lawyers for Elon Musk and Tesla Inc.’s directors are seeking to overturn a Delaware judge’s ruling that ordered the company to back out of Musk’s massive and unprecedented compensation package. Friday’s hearing followed a January ruling in which Chief Justice Katherine St. Jude McCormick concluded that Musk engineered a landmark compensation package in 2018 in […]