Lawyers who had Elon Musk’s pay dismissed as excessive seek $6bn in Tesla shares

Three firms that represented a Tesla shareholder seek record fee from the electric vehicle maker because they benefited from the return of Musk’s stock options

The lawyers who successfully argued that Elon Musk’s $56bn pay package was excessive are seeking a record legal fee worth $6bn, payable in the electric car maker’s stock, according to a court filing.

“We recognise that the requested fee is unprecedented in terms of absolute size,” Friday’s filing by the three law firms with the court of chancery in Delaware said. Continue reading…
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