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Judge who voided Elon Musk's pay to rule on US$7B in legal fees [Financial Post (Toronto, Ontario, Canada)]
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Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. The judge who voided Elon Musk 's record-setting Tesla Inc. pay package must now make another momentous decision — whether the lawyers who took the case to trial should be paid what may be the largest fee in the history of U.S. litigation. Attorneys from four firms who claimed Musk's 2018 compensation plan for running the electric-vehicle maker was excessive are asking to be awarded 29 million shares of Tesla stock — worth about US$7.3 billion at Friday's closing share price. Article content Delaware Chancery Court Judge Kathaleen St. J. McCormick is set to hear the request Monday but isn't expected to issue an immediate order. That's because McCormick must tackle an even bigger issue — whether to reinstate Musk's pay package now that Tesla shareholders have voted overwhelmingly to re-ratify it. The shareholder proxy vote at Tesla's annual meeting in June doe
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