Published 1 year ago • United States • Updated 1 year ago

Lawyers who voided Elon Musk's pay as excessive want a $6 bln fee

Legal teams requested a $6-billion fee, connected to Elon Musk's voided $56-billion compensation package, documents filed in Delaware Chancery Court.
Musk labels the fee request as "criminal," indicating dissatisfaction with the legal team's actions.
The legal team argued that winning the January case against Musk provided "enormous benefits" to the carmaker, justifying the size of their requested fee.

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Law.com

Tesla Shareholder Attorneys Ask for $5.6B in Stock to Cover Fees, in Record Request

Bernstein Litowitz Berger & Grossmann Friedman Oster & Tejtel and Andrews & Springer attorneys stressed they're seeking only a fraction of what Delaware law would allow.

1 year ago

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Electrek

Lawyers who won Elon Musk's compensation case want $5 billion in Tesla stocks

The lawyers who won the case against Elon Musk and Tesla over his CEO compensation plan want over $5 billion...

1 year ago

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The Register

Lawyers who struck down Musk pay want $6B in Tesla stock

'Criminal,' says CEO

1 year ago

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Tech Spot

Lawyers who stopped Elon Musk's "excessive" $56 billion Tesla pay ask for $6 billion fee

More than five years after shareholder Richard Tornetta filed suit against Tesla over claims it breached its fiduciary duty by unjustly enriching its CEO to the tune of $56 billion, a Delaware judge voided Musk's pay package in January.Read Entire Article

1 year ago

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Jalopnik

Lawyers That Argued Elon Musk’s Tesla Pay Was Obscene Demand $6 Billion Fee

Good morning! It’s Monday, March 4, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know.Read more...

1 year ago

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