Richard Tornetta , drummer for the defunct Philadelphia thrash metal band Dawn of Correction, spearheaded a lawsuit against Elon Musk in 2018. Now, the tycoon is suffering his biggest defeat in court, and one of the biggest in United States history, as reported by Reuters .
When he filed the lawsuit against Musk, Tornetta was a minority shareholder in Tesla , holding nine shares of the company, and questioned the value of the company's multi-billion dollar payment plan to Elon Musk.
Tesla 's board of directors violated its fiduciary duties by approving Elon Musk's "inexplicably" high multi-billion dollar compensation package.
Last Tuesday, the 17th, the US courts rejected the $56 billion payment package (approximately R$277 billion at the current exchange rate) for Musk, deeming the sum inexplicable and unfair to the shareholders of the electric car manufacturer.
The decision was made by Judge Kathaleen McCormick of the Delaware state court of chancery. Thus, the court sided with Tornetta and removed the billion-dollar sum from Musk's possession.
Richard Tornetta: the central figure in the legal dispute.
Dawn of Correction, Tornetta's former band, released an EP, Swingin' The Chain (2006). In addition, the band also released a full-length album, Dead Hand Control , before splitting up in 2008. The musicians also played at the legendary CBGB , a cradle of great names in punk rock, in New York City, which closed in 2006.
In a 2006 Metal Underground Mike Portnoy ( Dream Theater ) as his main reference, alongside Dave Weckl ( Chick Corea Elektric Band ) and Vinnie Paul ( Pantera ).
Today, Tornetta dedicates himself to industrial design. On one of his social media accounts, he describes himself as a "marketing professional, builder, car enthusiast, and drummer."
Check out the video of Tornetta performing “Shadows,” a song from his former band, below:
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