The lawyers who got Elon Musk’s Tesla pay package struck down want $6 billion

The lawyers who got Elon Musk’s Tesla pay package struck down want $6 billion

Picture: Lukasz Glowala (Reuters)

When it pertains to legal charges, $6 billion would be the crème de la crème. Not even the legal representatives who represented class-action suits submitted in the wake of Enron’s collapse got a sixth of that– they swiped $688 million. The attorneys who effectively argued that Elon Musk’s $56 billion payment plan was extreme and prohibited are contending for a $5.6 billion payment in Tesla stock.

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Their thinking? They dealt with contingency for more than 5 yearsindicating if the result would not have actually been their chosen one, they would have gotten zilch. Rather, they argued their win for Tesla investors “was enormous.”

Musk obviously was extremely dissatisfied with the attorneys’ demand, which was sent to a Delaware judge on Friday. In an X post on the exact same dayMusk stated, “The attorneys who not did anything however damage Tesla desire $6 billion. Wrongdoer.”

In January, a Delaware state court judge overruled Musk’s $56 billion Tesla CEO pay bundle from 2018 that sealed his location as the world’s wealthiest individualThe judge discovered that the “procedure causing the approval of Musk’s settlement strategy was deeply flawed.”

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