Lawyers who successfully argued Musk pay package was illegal seek $5.6 billion in Tesla stock

The lawyers who successfully argued that a massive pay package for Tesla CEO Elon Musk was illegal and should be voided are asking the presiding judge to award company stock worth $5.6 billion as legal fees. The attorneys represented Tesla shareholders in the case decided in January and made the request in court papers filed Friday. The amount would be the largest such award, if approved. Lawyers in cases stemming from the collapse of Enron got a record $688 million in legal fees in 2008. The lawyers say the sum is justified because they wouldn't have been paid had they lost and the benefit to Tesla “was massive.”