Tesla Challenges $5.6 Billion Fee Request by Investors’ Counsel in Musk Pay Dispute

Tesla has urged Delaware’s Chancery Court to reject a $5.6 billion stock-based fee request made by counsel representing investors who successfully blocked Elon Musk’s record pay package at the company. Arguing that the fee demand is “unprecedented” and excessively high, Tesla noted that the requested amount is 17 times larger than any previous fee award in Delaware’s history. The company considers this fee bid to be unreasonable and unwarranted. For further details, the original article can be accessed here.