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A legal team that forced Tesla's directors to agree in July to return more than US$700 million in compensation to the automaker for allegedly overpaying themselves are now seeking a huge payday of their own.
The lawyers forced hundreds of millions of dollars of compensation to be returned and now want big pay themselves.
A legal team that forced Tesla's directors to agree in July to return more than $700 million in compensation to the automaker for allegedly overpaying themselves are now seeking a huge payday of their own. The lawyers want a judge to approve $229 million in fees, or $10,690 an hour, according to a Sept. 8 filing in Delaware's Court of Chancery. The sum would be distributed among lawyers from four firms that spent several years building a case against the compensation paid to Tesla's directors from 2017 to 2020.
WILMINGTON, Delaware -- A legal tExcess Pay Want Tesla's directors to agree in July to return more than $700 million in compensation to the automaker for
High-profile lawyer David Boies charges $2,110 per hour, putting him “in a still-rarified realm of attorneys who charge upwards of $2,000 an hour,” according to Reuters.