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What will be the resolution of Tesla's argument regarding no benefit from the case by end of 2024?
2
Resolution / Starting Odds
Tesla's argument upheld • 25%
Tesla's argument partially upheld • 25%
Tesla's argument rejected • 25%
Case dismissed • 25%
Court ruling or official press release
Story
Tesla Shareholders Contest $7.2 Billion Legal Fee in Musk Pay Case on Monday
Jul 8, 2024, 01:29 PM
Tesla shareholders are set to appear in court on Monday to contest an unprecedented request for over $7.2 billion in attorneys' fees related to the legal battle over Elon Musk's $56 billion pay package. The fee, sought by investor Richard Tornetta's legal team, amounts to $370,000 per hour worked, which the shareholders deem 'outlandish.' The case, presided over by Delaware Chancery Court Judge Kathaleen St. J. McCormick, has already seen Musk's pay package voided. Tesla argues that the case conveyed no benefit to the company. The lawyers normally bill at $275 an hour.
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Antitrust claims upheld • 25%
Antitrust claims dismissed • 25%
Settlement on antitrust claims • 25%
Claims unresolved by end of 2024 • 25%
Appeal Overturned • 25%
Appeal Upheld • 25%
Settlement Reached • 25%
No Appeal Filed • 25%
Settlement reached • 25%
Ruling upheld • 25%
Ruling overturned • 25%
No appeal filed • 25%
New lawsuit filed by Tesla • 25%
New lawsuit filed against Tesla • 25%
Tesla involved in a settlement • 25%
No major legal actions • 25%
Resolved in Musk's favor • 25%
Resolved against Musk • 25%
Ongoing with no resolution • 25%
Mutual settlement reached • 25%
Dismissed • 25%
Settled • 25%
Judgment in favor of shareholders • 25%
Other • 25%
Dismissed • 25%
In favor of DA • 25%
In favor of Musk • 25%
Settlement reached • 25%
No action taken • 25%
Fine imposed • 25%
Operational restrictions • 25%
Other penalties • 25%
Musk appoints legal representative and suspension is lifted • 25%
Musk does not appoint legal representative and suspension remains • 25%
Musk appoints legal representative but suspension remains • 25%
Other resolution • 25%
Lawsuit dismissed • 25%
Settlement reached • 25%
Court rules against Musk and America PAC • 25%
Court rules in favor of Musk and America PAC • 25%
Significant increase • 25%
Significant decrease • 25%
No significant change • 25%
Volatile fluctuations • 25%