Record $7.3B Legal Fee Sought in Musk Tesla Case

Lawyers representing a Tesla shareholder challenged the legality of Elon Musk's massive 2018 compensation package, valued at over $55 billion, leading to its voidance. They are now requesting unprecedented legal fees in Tesla stock, totaling over $7 billion, surpassing previous records. The legal teams argue they created substantial value by returning shares to Tesla instead of Musk, benefiting other investors. The attorneys seek 11% of Tesla shares as fees, emphasizing the significance of their efforts in shareholder litigation and corporate governance.