Bleichmar: Partners Secures Historic $919M Tesla Settlement
Deal News | May 29, 2025 | Bleichmar Fonti & Auld LLP
Bleichmar Fonti & Auld LLP's partners, Javier Bleichmar, Joseph Fonti, Nancy Kulesa, Derrick Farrell, and George Bauer, played a key role in achieving a $919 million settlement in a shareholder derivative action against Tesla's board of directors. This settlement marks the largest recovery in the history of the Delaware Chancery Court. The recent Lawdragon article featuring these partners delves into the challenges faced during the case, the strategic methodologies adopted by the firm, and the wider ramifications of this settlement on corporate governance and executive compensation.
Sectors
- Legal Services
- Automotive
- Corporate Governance
Geography
- United States – The settlement took place in the Delaware Chancery Court, a significant jurisdiction for corporate law in the U.S.
Industry
- Legal Services – The article focuses on the legal strategies and achievements of Bleichmar Fonti & Auld LLP in securing a record-breaking settlement.
- Automotive – Tesla, an automotive company, is the subject of the shareholder derivative action and settlement.
- Corporate Governance – The settlement has significant implications for corporate governance, as it addresses executive compensation and board accountability.
Financials
- 919 million – The amount of the settlement achieved in the shareholder derivative action against Tesla.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Bleichmar Fonti & Auld LLP | Legal Advisor | Company | A law firm that played a key role in securing a $919 million settlement in a shareholder derivative action against Tesla's board of directors. |
| Tesla, Inc. | Defendant | Company | An automotive and energy company subject to the shareholder derivative action regarding board of directors' conduct. |