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.
