3 ms·

Here's another fun thing (can't edit my comment) - I decided to go look at who exactly are these lawyers, It's a collection of lawyers across 3 firms (as is com

by neom 3y ago

Here's another fun thing (can't edit my comment) - I decided to go look at who exactly are these lawyers, It's a collection of lawyers across 3 firms (as is common in a case this large), I went and looked at the firms they used, and if you add up every single lawyer at all 3 firms, it's 91 lawyers total (including associate lawyers - two of the firms are tiny and specialized). If they get it, that would be what... 65 million per lawyer in all the firms involved... not a bad exit ;)

leereeves 3y ago
Here's another: the best case value of Musk's "unconscionable" pay package (in the form of conditional stock grants) at the time it was offered was about $5B, roughly the same amount the lawyers are asking for. Now they argue that the amount "would be justified given how much value they delivered to Tesla shareholders"! That sounds like a great argument for paying Musk, who delivered 10x the value. And another hilarious bit: “Delaware seeks to incentivize, not punish, efficient litigation.” Litigation, but not business.