The lawyers who voided Tesla chief Elon Musk’s US$56 billion compensation as excessive yesterday sought a record US$6 billion legal fee, payable in the electric car maker’s stock. Musk blasted the request as “criminal”, posting on his X platform that “the lawyers who did nothing but damage Tesla want US$6 billion”. The company would pay the lawyers who represented Richard Tornetta, a shareholder who sued Musk in 2018 over the pay package, which a Delaware judge nixed in January.
The electric vehicle maker is being asked to pay the fee because it benefited from the return of Musk’s pay package, which the legal team said will result in the return to the carmaker of 266 million shares
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