How a Pivot to Plaintiffs’ Side Paid Off in Big Win Against Musk

Greg Varallo made his name defending corporations in Delaware shareholder lawsuits but he set a record after switching sides and going after Elon Musk‘s $56 billion pay package.

Varallo won a share of a $345 million fee by leading a trial team for Bernstein Litowitz Berger & Grossmann that challenged the executive pay package at Tesla Inc. The fee is the largest in Delaware Chancery Court history but only a fraction of the nearly $7 billion award lawyers sought.

Chancellor Kathaleen McCormick’s fee approval last week slaps an exclamation mark on a successful career change for Varallo, who ...