The lawyers who got Elon Musk’s Tesla pay package struck down want $6 billion

When it comes to simply costs, $6 billion might perchance perchance perchance well be the crème de la crème. No longer even the attorneys who represented class-trudge lawsuits filed within the wake of Enron’s crumple received a sixth of that — they pocketed $688 million. But the attorneys who efficiently argued that Elon Musk’s $56 billion compensation kit used to be excessive and illegal are vying for a $5.6 billion payout in Tesla stock.

Their reasoning? They worked on contingency for better than five years, which potential that if the tip result wouldn’t were their preferred one, they’d dangle gotten zilch. As an different, they argued their win for Tesla shareholders “used to be broad.”

Musk have in mind that used to be very heart-broken with the attorneys’ query, which used to be submitted to a Delaware opt on on Friday. In an X post on the the same day, Musk mentioned, “The attorneys who did nothing however damage Tesla opt on $6 billion. Criminal.”

In January, a Delaware bid court opt on struck down Musk’s $56 billion Tesla CEO pay kit from 2018 that cemented his jam as the realm’s richest person. The opt on discovered that the “route of main to the approval of Musk’s compensation thought used to be deeply flawed.”