Tesla investors are urging a judge to reject a record legal fee bid in the case over Elon Musk’s pay package. The judge, who previously voided Musk’s record-setting pay package, is now faced with deciding on a $7 billion legal fee request. Law firms involved in the case are asking for a rate of $370,000 per hour for the 37 lawyers, associates, and paralegals who worked on the case. Judge McCormick, who is presiding over the Tornetta vs Musk case in Delaware, adjourned the hearing after a full day of expert witness testimony and has not indicated when she will issue a ruling.
Good summary of today’s Tornetta vs Musk fee hearing before DE Chancellor Judge McCormick. $TSLA https://t.co/YyToHoKSjn
Judge who nixed Musk's pay package hears arguments on massive fee request from plaintiff lawyers https://t.co/P5ch8JeeQp
Judge who nixed Musk's pay package hears arguments on massive fee request from lawyers who beat it https://t.co/DUwnqLyqMP