Lawyers Want $10,000 An Hour After Winning Case Over Overpaid Tesla Directors
The lawyers forced hundreds of millions of dollars of compensation to be returned and now want big pay themselves.
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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 fr
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.
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...
By Tom Hals WILMINGTON, Delaware (Reuters) - A legal team that forced Tesla's directors to agree in July to return more than $700 million in compensat...