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Tesla is facing significant legal challenges related to board pay, with a Delaware court awarding attorneys nearly $18,000 per hour for their work. This comes in the wake of a lawsuit from a Tesla shareholder against Elon Musk regarding a nearly $56 billion compensation package. The legal fees for the shareholder's lawyers could reach up to $345 million. Additionally, nearly 100 legal professionals have urged the Delaware State Bar Association to support the state's chancellor following Musk's criticism after the court's ruling. The ongoing legal issues highlight the complexities and costs associated with corporate governance and shareholder litigation in the electric vehicle sector.
A Tesla shareholder’s lawsuit against Musk’s pay is just the latest example of how absurd the legal landscape has become, writes @josh_hammer. https://t.co/Re4jd0w1nC
A lone Tesla shareholder just took @elonmusk to court. The shareholder's lawyers could now earn up to $345 million (!) in fees. Musk is higher-profile, but we all see legal system-imposed "tort taxes" embedded in everyday costs. My latest @CityJournal 🖋️ https://t.co/PE41ClxzII
Mr. Musk Goes (Unhappily) to Delaware (Again): Takeaways From Musk’s Legal Saga for Private Company Owners https://t.co/x3mzv8ijUZ #Tesla #Litigation #Businesses @USCourtsMOED @PinHawkHappens https://t.co/SLfmz4awza
