A settlement over board pay at Tesla Inc. appears poised to stick the electric vehicle maker with another hefty legal bill from Delaware attorneys.
Chancellor Kathaleen St. Jude McCormick just handed a record-setting $345 million in legal fees to the attorneys for an investor who successfully challenged Elon Musk’s CEO compensation at Tesla. She’s expected to rule soon on a settlement over Tesla’s board pay, a proposal accompanied by a request for roughly $230 million for legal costs incurred by a pension fund’s attorneys.
1. Doesn’t Musk usually avoid settlements?
Musk is known for extensively litigating every lawsuit, but the ...
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