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Tesla Investors Urge Judge to Reject $7.3 Billion Legal Fee in Musk Pay Case

Jul 8, 2024, 12:37 PM

Tesla investors are urging a judge to reject a record $7 billion legal fee request in the case over Elon Musk's pay. The Delaware Chancery Court Judge Kathaleen St. J. McCormick, who previously voided Musk's $56 billion pay package, will hear arguments on this matter. Lawyers representing the plaintiffs in the case are seeking a fee of approximately $7.3 billion worth of Tesla stock. This decision follows the judge's earlier ruling that Musk's 2018 compensation plan for running Tesla was excessive.