Lawyers who sued to void Musk's Tesla pay package less likely to receive 'windfall' fees
TeslaTesla(US:TSLA) Fox Business·2024-08-29 20:45

The team of lawyers who sued to void Tesla CEO Elon Musk's $56 billion pay package have requested $6 billion in legal fees for their work, but their request may run afoul of a new court ruling that discourages judges from awarding "windfalls" in legal fees. Chancellor Kathaleen McCormick of the Delaware Court of Chancery is currently weighing the legal team's $6 billion fee request as well as whether Tesla shareholders' vote to reinstate Musk's pay package, which McCormick voided in January, was sufficient ...

Lawyers who sued to void Musk's Tesla pay package less likely to receive 'windfall' fees - Reportify