Tesla car. Photo: Diego M. Radzinschi/ALM Tesla Shareholder Attorneys Ask for $5.6B in Stock to Cover Fees, in Record Request
Bernstein Litowitz Berger & Grossmann, Friedman Oster & Tejtel and Andrews & Springer attorneys stressed they're seeking only a fraction of what Delaware law would allow.
March 04, 2024 at 02:28 PM
5 minute read
Attorneys who led a shareholder to take down Elon Musk's Tesla compensation plan in the Court of Chancery have asked for stock worth well over $5 billion, stressing it's a fraction of what they could seek under Delaware legal standards.
Bernstein Litowitz Berger & Grossmann, Friedman Oster & Tejtel and Andrews & Springer attorneys who have worked on contingency since June 2018 and led shareholder Richard Tornetta to a post-trial win at the end of January submitted briefing March 1 on their request for fees that, like the rest of the case to date, involves numbers that go well beyond record-breaking.
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