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Tesla bashes $229 million fee bid for plaintiffs in board pay case

Tesla bashes $229 million fee bid for plaintiffs in board pay case
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Tesla lawsuit lawyers want US$10,000 an hour

A legal team that forced Tesla s directors to agree in July to return more than US$700 million in compensation to the automaker for allegedly overpaying themselves are now seeking a huge payday of their own. ....

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Lawyers who sued Tesla board for excess pay want $10,000 an hour

A legal team that forced Tesla's directors to agree in July to return more than $700 million in compensation to the automaker for allegedly overpaying themselves are now seeking a huge payday of their own. The lawyers want a judge to approve $229 million in fees, or $10,690 an hour, according to a Sept. 8 filing in Delaware's Court of Chancery. The sum would be distributed among lawyers from four firms that spent several years building a case against the compensation paid to Tesla's directors from 2017 to 2020. ....

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