It is assumed that this money will be paid by Tesla Corporation.
At the beginning of 2024, lawyers representing the interests of Tesla shareholders managed to deprive the head of the company, Elon Musk, of a bonus in the amount of approximately $56 billion. Now the lawyers are demanding a fee, and it is very significant.
The law firms involved in the case valued their services at $6 billion—at $288,888 per hour. In a statement filed in Delaware court, the lawyers acknowledge that the requested fee is unprecedented, but they are not deterred.
And here's another story
Lawyers expect that Tesla will pay the fee. As explained in the documents, due to the fact that Musk lost $56 billion, Tesla received a benefit of 266 million shares.
The fee is also proposed to be paid in the form of shares. Lawyers note that this approach will allow Tesla to avoid paying additional taxes and will not require payment of real cash.
According to CNBC, a record fee for a similar claim was paid in 2008. Lawyers who achieved compensation in the amount of $7.2 billion received $688 million – slightly less than 10% of what they managed to win.
A decision on the amount of the fee has not yet been made. Elon Musk himself called the lawyers’ demands criminal.
This is interesting