"Lawyers Seek $6 Billion in Tesla Stock for Voiding Elon Musk's Pay"

TL;DR Summary
The lawyers who successfully voided Elon Musk's $56 billion compensation package are seeking a record legal fee of $6 billion, payable in Tesla stock. The fee request, which amounts to an hourly rate of $288,888, is for the attorneys who represented a shareholder in the lawsuit against Musk. The legal team argues that the fee is justified as it is directly linked to the benefit created for Tesla and is tax-deductible for the company. The request must be approved by the judge overseeing the case, who previously called Musk's pay "unfathomable."
- Lawyers who voided Elon Musk's pay as excessive want a $6 bln fee Reuters
- Lawyers Who Got Musk Pay Struck Down Seek $5.6 Billion in Tesla Stock The Wall Street Journal
- Lawyers in Musk pay case seek fee of $6 billion in Tesla stock NBC News
- Lawyers in Elon Musk pay case seek $6bn in Tesla shares Financial Times
- Lawyers Who Voided Elon Musk's Tesla Pay Package Seek $6 Billion In Legal Fees Forbes
Reading Insights
Total Reads
0
Unique Readers
11
Time Saved
2 min
vs 3 min read
Condensed
84%
573 → 91 words
Want the full story? Read the original article
Read on Reuters