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It’s typical for attorneys to receive about a third of a settlement or verdict won for their clients, especially in cases where the cases proceeded through a tr
by rahimnathwani 3y ago
It’s typical for attorneys to receive about a third of a settlement or verdict won for their clients, especially in cases where the cases proceeded through a trial to a final verdict. The fee requested in this case by the lawyers would amount to roughly 11% of the recovery.
- leereeves 3y agoThat's a bigger percentage than Musk's pay package was compared to the increase in Tesla's market cap since 2018. If shareholders think paying 10% of money the lawyers won for them is fair, they should also think paying 10% of the money Musk earned for them is fair. But then, the suit was never about the interests of the shareholders; it was brought by someone who held just nine Tesla shares. (And before anyone mentions it: I do think the workers deserve a bigger share, but that wasn't an issue in either pay package.)