Tesla fights $230 million fee sought by attorneys who sued over board pay
Tesla Inc will urge a Delaware judge on Friday to reject $230 million in legal fees requested by a team of shareholder attorneys who won a settlement in a dispute over director pay. The maker of electric vehicles called the fee request an "unwarranted windfall" that works out to an hourly rate of $10,690, one of the highest fee requests ever in Delaware's Court of Chancery, a key venue for shareholder lawsuits. The company wants Kathaleen McCormick, chief judge on the court, to approve a fee of no more than $64 million.
Source: yahoo.com