Musk’s Tesla Board Pay Case Nets $176 Million Lawyer Fee (1)

Tesla Inc. must pay $176 million in legal fees to the shareholder attorneys who challenged four years of pay for its board of directors, including Elon Musk, a judge ruled Wednesday.

A Delaware judge signed off on a settlement worth up to $919 million, resolving the lawsuit by a pension fund that challenged the board’s compensation from 2017 to 2020, and awarded the fees to McCarter & English LLP, Fields Kupka & Shukurov LLP, and Bleichmar Fonti & Auld LLP. The ruling by Chancellor Kathaleen St. J. McCormick came the same day Musk formally appealed her landmark decision in ...