Lawyers Who Killed Musk’s Pay Plan Seek $6 Billion in Stock (3)

March 2, 2024, 4:00 PM UTC

Lawyers for a Tesla Inc. investor who persuaded a judge to throw out Elon Musk’s $55.8 billion pay package are making an unusual request to have their legal fees paid in the form of about $6 billion of stock in the electric-car maker.

Attorneys for the Tesla investor who challenged Musk’s executive-compensation award – the largest ever given to a corporate titan – filed the request Friday in Delaware state court.

The attorneys for shareholder Richard Tornetta argued in a court filing they deserve more than 29 million Tesla shares. They explained why they prefer stock to cash.

“We ...

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