3 Firms Seek $16.8M For $60M Tesla-SolarCity Suit Deal

Law360 (July 28, 2020, 4:32 PM EDT) -- Grant & Eisenhofer PA, Kessler Topaz Meltzer & Check LLP and Robbins Geller Rudman & Dowd LLP are seeking $16.8 million for brokering a proposed $60 million settlement with six Tesla Motors Inc. directors in a Chancery Court stockholder challenge of Tesla's $2.6 billion SolarCity merger.

In a brief filed Monday with Vice Chancellor Joseph R. Slights III, the firms asserted they are owed 25% of the settlement amount for attorney fees and another $1.8 million for expenses because the proposed deal achieves "substantial benefits" for Tesla. The court is set to consider the settlement and fee and expense requests at...

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