Tesla Lawyers Demand $5.2bn: Here’s Why They Deserve Only $13.6mn
Wilmington, Delaware – Tesla finds itself in a legal battle over a proposed $5.2 billion award for lawyers who successfully challenged Elon Musk’s pay package. The electric car company argues that the requested amount is excessive, claiming it would be the highest hourly rate in history. In January, a Delaware court invalidated a proposed $56 billion pay package for Musk, citing improper approval by Tesla’s board and harm caused to shareholders. Lead lawyer Greg Varallo …