The lawyers who represented victorious Tesla shareholders may be in line for a record-breaking payout worth hundreds of millions, or even billions, of dollars after a Delaware court on Tuesday voided a $56bn pay package for Elon Musk.
Lawyers told the Financial Times that Bernstein Litowitz Berger & Grossmann, the law firm that led the representation of investors challenging the pay plan, could ask that the Delaware Court of Chancery pay them up to one-third of the “benefit conferred” by the ruling — in other words, how much value was restored to shareholders.
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