Posted 3/2/2024, 5:59:00 AM
Lawyers Seek Up to $6 Billion in Fees After Sinking Musk's Tesla Pay Package
- Lawyers for Tesla shareholder want nearly $6 billion in attorney fees after sinking Elon Musk's $55 billion compensation package
- The lawyers argued they deserve 11% of Musk's pay package based on their litigation work over 6 years
- The fees would amount to about $5.96 billion worth of Tesla shares at the current stock price
- Chancellor Kathleen McCormick now has to decide how much of the package can go to attorneys' fees
- Musk said on Twitter the lawyers "did nothing but damage Tesla" and called their $6 billion fee demand "criminal"