Lawyers Seek $5.6 Billion in Tesla Stock After Record Elon Musk Pay Deal Voided
• Lawyers who got Elon Musk's $55B Tesla pay package voided seek $5.6B in Tesla stock as legal fees • The fee award would apparently be the largest ever; Enron lawyers previously got a record $688M • The lawyers worked on a contingency basis for 5+ years and would have gotten nothing if they lost • The requested $5.6B represents 11% of the Tesla stock Musk was seeking in the compensation package • The judge ruled the pay package was illegal as it was dictated by Musk in sham negotiations with non-independent directors