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'Windfall' fees now less likely for lawyers who sued to cut Musk's Tesla pay https://t.co/92yzCoNLv4 https://t.co/AGgD18xBs3
NEWS: Windfall fees now even less likely – The Tornetta lawyers who sued to void Tesla CEO Elon Musk's pay package are seeking a record $6 billion in fees, but the Delaware judge McCormick got some unsolicited guidance from the state's top court: Do not give windfalls.… https://t.co/Ln1vvx18Gh
The lawyers who sued successfully to void Elon Musk's $56 billion pay package are seeking a record $6 billion in fees, and the judge who will decide the amount got some unsolicited guidance this month from the state's top court: Do not give windfalls https://t.co/yuQVNeXrJb https://t.co/dPj6jelSJa
Seven banks provided Elon Musk with $13 billion in loans to finance his acquisition of Twitter, leaving them with significant debt as the situation unfolds. Meanwhile, Musk's $56 billion pay package at Tesla is under scrutiny, with lawyers who successfully challenged the package now seeking a record $6 billion in fees. A Delaware judge, who will determine the fee amount, has received guidance from the state's top court advising against granting excessive fees, which may reduce the likelihood of 'windfall' payments to the lawyers involved in the case.
