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Июль
2024

Tesla investors to urge judge to reject record $7 billion legal fee in Elon Musk pay case

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Tesla shareholders and CalPERS contest Richard Tornetta's $7 billion fee request overseen by Chancellor McCormick. Tornetta's win voided Musk's $56 billion pay, but Tesla argues it didn’t benefit. 1,500 letters submitted. Fee justified at 33%, references Dell Technologies case. Monday's hearing moved; billing rates start at $275/hour, with Tesla suggesting $13.6 million.