Tesla Appeals $176.2 Million Fee to Shareholder Attorneys in Delaware Supreme Court

Attorneys for Tesla Inc. are urging Delaware’s Supreme Court to reconsider a $176.2 million fee awarded to counsel representing shareholders. These legal representatives successfully facilitated $735 million in savings for Tesla from director cash and options rollbacks. Tesla argues that the awarded fee is excessive relative to the achieved savings. Details of the ongoing appeal can be found in Law360’s coverage.