Attorneys Seek Groundbreaking $6 Billion Fee after Voiding Elon Musk’s $56 Billion Pay Package
Wilmington, Delaware – Attorneys who successfully argued that Tesla CEO Elon Musk’s $56 billion pay package was excessive are now seeking a nearly $6 billion award. The lawyers are requesting to be paid in the form of Tesla stock, which would set a new record for attorney fees if granted. In a filing made in Delaware’s Court of Chancery, the three law firms acknowledged that the requested fee is unprecedented in terms of its size. The proposed fee translates to an hourly rate of $288,888. Elon Musk responded to the attorneys’ demand, calling it “criminal” … Read more