Tesla (TSLA) CEO Elon Musk's $56 billion executive pay package was struck down by a Delaware judge for the second time. Chancery Court Judge Kathaleen McCormick stated that despite Tesla shareholders voting to approve the pay package, it "alone cannot ratify a conflicted-controller transaction."

Yahoo Finance legal reporter Alexis Keenan explains the latest developments and Musk's reaction to the repeat ruling.

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This post was written by Luke Carberry Mogan.