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Elon Musk’s botched $56 billion package could mean $6 billion in fees – Quartz

Elon Musk’s botched $56 billion package could mean $6 billion in fees – Quartz

Photo: Lukasz Glowala (Reuters)When it comes to legal fees, $6 billion would be the crème de la crème. Not even the lawyers who represented class-action lawsuits filed in the wake of Enron’s collapse got a sixth of that — they pocketed $688 million. Yet the lawyers who successfully argued that Elon Musk’s $56 billion compensation package was excessive and illegal are vying for a $5.6 billion payout in Tesla stock.Their reasoning? They worked on contingency for more than five years, meaning if the outcome wouldn’t have been their preferred one, they would have gotten zilch. Instead, they argued their win for… 

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