Lawyers in Musk pay case seek fee of $6 billion in Tesla stock
Lawyers asked a Delaware judge to award their Tesla stock worth nearly $6 billion as of Friday as their fee for successfully arguing that CEO Elon Musk’s 2018 pay package was unlawful.
The fee would dwarf records for attorney paydays if a judge approves it. Lawyers who worked on Enron-related class actions were awarded $688 million in fees in 2008.
The lawyers had earlier convinced the Delaware chancery court to revoke Musk’s $56 billion pay package from 2018, with the judge ruling that Tesla’s board of directors failed to prove it was fair to shareholders.
On Friday, in a petition…
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