Tesla Shareholders Dispute $7.2 Billion Legal Fees
Tesla Shareholders Dispute $7.2 Billion Legal Fees
Tesla Shareholders Dispute $7.2 Billion Legal Fees
News summary

Lawyers representing Tesla shareholder Richard Tornetta are requesting $7.2 billion in legal fees, paid in Tesla stock, for their role in voiding Elon Musk's $56 billion compensation package. This request, submitted to Delaware Chancellor Kathaleen McCormick, amounts to $370,000 per hour worked and would be the largest fee in U.S. litigation history. Tesla and many shareholders argue the fee is excessive and have flooded the court with objections. Tesla's legal team contends that the fee request is a 'windfall' and that the shareholder vote to re-ratify Musk's pay package should negate the need for such a large payout. McCormick's decision on the fee and the potential reinstatement of Musk's compensation plan will be closely watched.

Story Coverage
Bias Distribution
67% Right
Information Sources
a3544a73-dab3-486d-ae75-bd4d15f01f55538ad27c-7e41-4215-a5e1-3c6c21cfd9ff78876203-7edc-4c1e-8422-d6a486707f9e
Center 33%
Right 67%
Coverage Details
Total News Sources
3
Left
0
Center
1
Right
2
Unrated
0
Last Updated
45 days ago
Bias Distribution
67% Right

Open Story Timeline

Story timeline 1Story timeline 2Story timeline 3Story timeline 4Story timeline 5Story timeline 6Story timeline 7Story timeline 8Story timeline 9Story timeline 10Story timeline 11Story timeline 12Story timeline 13Story timeline 14

Analyze and predict the
development of events

Related News
Daily Index

Negative

20Serious

Neutral

Optimistic

Positive

Ask VT AI
Story Coverage
Subscribe

Stay in the know

Get the latest news, exclusive insights, and curated content delivered straight to your inbox.

Related News
Recommended News