{"id":830828,"date":"2024-07-09T10:14:38","date_gmt":"2024-07-09T04:44:38","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=830828"},"modified":"2024-07-09T10:14:38","modified_gmt":"2024-07-09T04:44:38","slug":"tesla-investors-to-urge-judge-to-reject-record-7-billion-legal-fee-in-elon-musk-pay-case","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/07\/09\/tesla-investors-to-urge-judge-to-reject-record-7-billion-legal-fee-in-elon-musk-pay-case\/","title":{"rendered":"Tesla investors to urge judge to reject record $7 billion legal fee in Elon Musk pay case"},"content":{"rendered":"<p>Tesla shareholders will appear in court on Monday to argue that an unprecedented request for more than $7 billion in attorneys&#8217; fees to be paid by the company is &#8220;outlandish,&#8221; the latest twist in a legal showdown over Musk&#8217;s $56 billion pay package.<\/p>\n<p>The record fee request was made by investor Richard Tornetta on behalf of three law firms that represented him, including Bernstein Litowitz Berger &amp; Grossmann. Tornetta owned nine shares of Tesla when he sued over Musk&#8217;s pay package of stock options in 2018, a legal battle he ultimately won in January when the package was voided.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tesla shareholders will appear in court on Monday to argue that an unprecedented request for more than $7 billion in attorneys&#8217; fees to be paid by the company is &#8220;outlandish,&#8221; the latest twist in a legal showdown over Musk&#8217;s $56 billion pay package. The record fee request was made by investor Richard Tornetta on behalf of three law firms that represented him, including Bernstein Litowitz Berger &amp; Grossmann. Tornetta owned nine shares of Tesla when he sued over Musk&#8217;s pay package of stock options in 2018, a legal battle he ultimately won in January when the package was voided.<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-830828","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/830828","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=830828"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/830828\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=830828"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=830828"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=830828"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}