![JUDGE WHO NIXED MUSK'S PAY PACKAGE HEARS ARGUMENTS ON MASSIVE FEE REQUEST FROM PLAINTIFF LAWYERS](https://cdn.magzter.com/1400077361/1720654165/articles/tCtiWWjvd1720697378250/JUDGE-WHO-NIXED-MUSKS-PAY-PACKAGE-HEARS-ARGUMENTS-ON-MASSIVE-FEE-REQUEST-FROM-PLAINTIFF-LAWYERS.jpg)
Attorneys for a Tesla stockholder who challenged Musk’s 2018 compensation package are asking Chancellor Kathaleen St. Jude McCormick to award them legal fees in the form of stock in the electric vehicle company valued at more than $7 billion at current trading prices. The 2018 compensation package for Musk that was rescinded by the judge was potentially worth more than $55 billion.
After a full day of expert-witness testimony and arguments by attorneys, McCormick gave no indication on when she would rule on the fee request.
The fee amount sought by plaintiffs’ attorneys dwarfs the current record $688 million in legal fees awarded in 2008 in litigation stemming from the collapse of Enron.
Attorneys for the Tesla shareholder argue that their work resulted in the “massive” benefit of returning shares to Tesla that otherwise would have gone to Musk and diluted the stock held by other Tesla investors. They value that benefit at $51.4 billion, using the difference between the stock price at the time of McCormick’s January ruling and the strike price of some 304 million stock options granted to Musk.
Attorney Greg Varallo told McCormick that he and his fellow plaintiff lawyers were simply asking for “a slice of the value pie we created.”
هذه القصة مأخوذة من طبعة July 12, 2024 من AppleMagazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة July 12, 2024 من AppleMagazine.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
![JAPAN'S TOP AUTOMAKER TOYOTA ACKNOWLEDGES MORE CERTIFICATION CHEATING AND APOLOGIZES](https://reseuro.magzter.com/100x125/articles/6454/1784130/l-POyeH7P1722513781365/JAPANS-TOP-AUTOMAKER-TOYOTA-ACKNOWLEDGES-MORE-CERTIFICATION-CHEATING-AND-APOLOGIZES.jpg)
JAPAN'S TOP AUTOMAKER TOYOTA ACKNOWLEDGES MORE CERTIFICATION CHEATING AND APOLOGIZES
Toyota reported more cases of cheating on certification tests for new models required by the Japanese government, on top of those acknowledged earlier.
![NORTH KOREAN CHARGED IN CYBERATTACKS ON US HOSPITALS, NASA AND MILITARY BASES](https://reseuro.magzter.com/100x125/articles/6454/1784130/0D3OT10fr1722513567719/NORTH-KOREAN-CHARGED-IN-CYBERATTACKS-ON-US-HOSPITALS-NASA-AND-MILITARY-BASES.jpg)
NORTH KOREAN CHARGED IN CYBERATTACKS ON US HOSPITALS, NASA AND MILITARY BASES
A North Korean military intelligence operative has been indicted in a conspiracy to hack into American health care providers, NASA, U.S. military bases and international entities, stealing sensitive information and installing ransomware to fund more attacks, federal prosecutors announced.
![SENATE PASSES BILL TO PROTECT KIDS ONLINE AND MAKE TECH COMPANIES ACCOUNTABLE FOR HARMFUL CONTENT](https://reseuro.magzter.com/100x125/articles/6454/1784130/pQ0mtM1aW1722513285722/SENATE-PASSES-BILL-TO-PROTECT-KIDS-ONLINE-AND-MAKE-TECH-COMPANIES-ACCOUNTABLE-FOR-HARMFUL-CONTENT.jpg)
SENATE PASSES BILL TO PROTECT KIDS ONLINE AND MAKE TECH COMPANIES ACCOUNTABLE FOR HARMFUL CONTENT
The Senate overwhelmingly passed legislation Tuesday that is designed to protect children from dangerous online content, pushing forward with what would be the first major effort by Congress in decades to hold tech companies more accountable for the harm that they cause.
![NFL IS MOVING CLOSER TO REPLACING THE CHAIN GANG WITH NEW TECHNOLOGY TO MEASURE LINE TO GAIN](https://reseuro.magzter.com/100x125/articles/6454/1784130/2NcIintyX1722513096204/NFL-IS-MOVING-CLOSER-TO-REPLACING-THE-CHAIN-GANG-WITH-NEW-TECHNOLOGY-TO-MEASURE-LINE-TO-GAIN.jpg)
NFL IS MOVING CLOSER TO REPLACING THE CHAIN GANG WITH NEW TECHNOLOGY TO MEASURE LINE TO GAIN
The NFL is moving closer to replacing the chain gang with new technology to measure line to gain.
![JUSTICE DEPARTMENT SAYS TIKTOK COLLECTED US USER VIEWS ON ISSUES LIKE ABORTION AND GUN CONTROL](https://reseuro.magzter.com/100x125/articles/6454/1784130/mIPy2sQAp1722512889470/JUSTICE-DEPARTMENT-SAYS-TIKTOK-COLLECTED-US-USER-VIEWS-ON-ISSUES-LIKE-ABORTION-AND-GUN-CONTROL.jpg)
JUSTICE DEPARTMENT SAYS TIKTOK COLLECTED US USER VIEWS ON ISSUES LIKE ABORTION AND GUN CONTROL
In a fresh broadside against one of the world’s most popular technology companies, the Justice Department is accusing TikTok of harnessing the capability to gather bulk information on users based on views on divisive social issues like gun control, abortion and religion.
![AMAZON IS RESPONSIBLE FOR HAZARDOUS ITEMS SOLD BY THIRD-PARTY SELLERS, US AGENCY SAYS](https://reseuro.magzter.com/100x125/articles/6454/1784130/tdS7zIqBD1722512777527/AMAZON-IS-RESPONSIBLE-FOR-HAZARDOUS-ITEMS-SOLD-BY-THIRDPARTY-SELLERS-US-AGENCY-SAYS.jpg)
AMAZON IS RESPONSIBLE FOR HAZARDOUS ITEMS SOLD BY THIRD-PARTY SELLERS, US AGENCY SAYS
Amazon is responsible under federal safety law for hazardous products sold on its platform by third-party sellers and shipped by the company, a U.S. government agency ordered this week.
![ETSY PLANS TO TEST ITS FIRST-EVER LOYALTY PROGRAM AS IT AIMS TO BOOST SALES](https://reseuro.magzter.com/100x125/articles/6454/1784130/MhSHi_rn41722512673713/ETSY-PLANS-TO-TEST-ITS-FIRSTEVER-LOYALTY-PROGRAM-AS-IT-AIMS-TO-BOOST-SALES.jpg)
ETSY PLANS TO TEST ITS FIRST-EVER LOYALTY PROGRAM AS IT AIMS TO BOOST SALES
Etsy said this week it will begin testing its firstever loyalty program in September, a move designed to boost the e-commerce site’s sluggish sales and draw in occasional shoppers.
![Q&A: LINKEDIN IS BULLISH ON AI. WILL THAT HELP JOB SEEKERS?](https://reseuro.magzter.com/100x125/articles/6454/1784130/EdDT2vjZB1722512382204/QA-LINKEDIN-IS-BULLISH-ON-AI-WILL-THAT-HELP-JOB-SEEKERS.jpg)
Q&A: LINKEDIN IS BULLISH ON AI. WILL THAT HELP JOB SEEKERS?
Like many other technology companies, LinkedIn is all in on generative AI, the artificial intelligence systems that can create text, images and other media in response to queries.
![VIDEO GAME ACTORS ARE NOW ON STRIKE.HERE'S WHY](https://reseuro.magzter.com/100x125/articles/6454/1784130/xQL_n4oLb1722512161775/VIDEO-GAME-ACTORS-ARE-NOW-ON-STRIKEHERES-WHY.jpg)
VIDEO GAME ACTORS ARE NOW ON STRIKE.HERE'S WHY
Hollywood’s video game performers went on strike after negotiations with game industry giants that began more than a year and a half ago came to a halt over artificial intelligence protections.
![BREAKTHROUGH IN TANDEM OLED TECHNOLOGY ENHANCES MICRO-OLED DISPLAYS FOR FUTURE VISION PRO 2](https://reseuro.magzter.com/100x125/articles/6454/1784130/ne_BQm8gI1722511861506/BREAKTHROUGH-IN-TANDEM-OLED-TECHNOLOGY-ENHANCES-MICROOLED-DISPLAYS-FOR-FUTURE-VISION-PRO-2.jpg)
BREAKTHROUGH IN TANDEM OLED TECHNOLOGY ENHANCES MICRO-OLED DISPLAYS FOR FUTURE VISION PRO 2
The recent development in display technology marks a significant step forward with the integration of tandem OLED technology into micro-OLED displays.