Tesla Investors' Arguments Against $7 Billion Legal Fee in Musk Pay Case

Monday, 8 July 2024, 10:07

In a legal showdown, Tesla shareholders will contest the unprecedented $7 billion attorneys' fees demand, describing it as 'outlandish.' Investor Richard Tornetta, backed by three law firms, including Bernstein Litowitz Berger & Grossmann, filed the record fee request relating to Musk's $56 billion pay package. Tornetta, who originally had nine Tesla shares, successfully challenged Musk's stock options deal in January following a 2018 lawsuit victory.
Yahoo Finance
Tesla Investors' Arguments Against $7 Billion Legal Fee in Musk Pay Case

Tesla Shareholders Dispute $7 Billion Legal Fee

Tesla investors are set to challenge a $7 billion attorneys' fee demanded in court, labeling the amount as excessive.

Investor Richard Tornetta Leads Legal Battle

Richard Tornetta, with support from law firms, contests the fee request linked to Musk's $56 billion compensation.

  • Record Fee Request made by Tornetta on behalf of three law firms including Bernstein Litowitz Berger & Grossmann.
  • Successful Legal Battle: Musk's stock options package voided in January after lawsuit victory by Tornetta.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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