Tesla Seeks to Delay July Hearing in Battle Over Musk’s Pay (1)

Lawyers for Elon Musk say a shareholder vote last week approving the Tesla Inc. co-founder’s $56 billion pay package should delay a hearing on the award of billions of dollars in fees to the lawyers who challenged it.

Attorneys for the electric carmaker said in a filing Friday that the June 13 decision by Tesla investors to re-approve Musk’s pay “impacts significantly what remains to be decided in this litigation.” The company asked for a delay of the July 8 hearing so it can lay out the shareholder vote’s implications.

Delaware Chancery Court Judge Kathaleen St. J. McCormick, who ...