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2nd woman found dead in English Bay: Vancouver police
For the second time in as many days, a woman's body was found near Vancouver's shoreline Monday.
The lawyers who successfully argued that a massive pay package for Tesla CEO Elon Musk was illegal and should be voided have asked the presiding judge to award them company stock worth US$5.6 billion as legal fees.
The attorneys, who represented Tesla shareholders in the case decided in January, made the request of the Delaware judge in court papers filed Friday.
The amount would apparently be far and away the largest such award, if approved. Lawyers in class-action suits stemming from the collapse of Enron got a record US$688 million in legal fees in 2008.
“We are ‘prepared to eat our cooking,’” the Tesla plaintiff attorneys wrote in the court filing, arguing the sum is justified because they worked purely on a contingency basis for more than 5 years. If they lost they would have gotten nothing. The benefit to Tesla “was massive,” they said.
The requested award represents 11 per cent of the Tesla stock — worth some US$55 billion — that Musk was seeking in the compensation package, which Judge Kathaleen St. Jude McCormick ruled illegal in January.
Not only does the request take nothing from the electric car company's balance sheet, it is also tax deductible, the attorneys argued. They are also seeking US$1.1 million in expenses.
In her ruling, Judge McCormick accepted the shareholder lawyers' argument that Musk personally dictated the landmark 2018 pay package in sham negotiations with directors who were not independent.
It would have nearly doubled Musk's stake in Tesla. He currently holds 13 per cent.
For the second time in as many days, a woman's body was found near Vancouver's shoreline Monday.
Men from Edmonton and Calgary are accused of threatening to kill some of Canada's top government leaders.
Canadian athletes attempting to reach the podium at the Paris 2024 Olympic Games will also be looking fashionable for the entire world to see.
Vice-President Kamala Harris has secured the support of enough Democratic delegates to become her party's nominee against Republican Donald Trump, according to an Associated Press survey taken in the aftermath of President Joe Biden's decision to drop his bid for re-election.
New Zealand's coroner has ruled that four of its citizens died after ordering products from an Ontario man who is facing murder charges for selling poisonous substances.
A Toronto woman who allegedly took 'intimate' photos of an individual who was getting a massage has been charged with voyeurism, police say.
The name of Calgary’s new event centre was unveiled on Monday. The arena will be called Scotia Place.
If you're trying to get up to speed on Vice President Kamala Harris' swift emergence as Democrats' possible nominee this fall, you really need to know your memes.
No one knows the importance of selecting the right running mate better than Vice President Kamala Harris.
A swarm of bees living in a lamppost in Winnipeg’s Sage Creek neighbourhood has found a new home for its hive.
Around 100 acres of Manitoba Crown Land near the Saskatchewan border is being returned to the Métis community.
Nova Scotia is suspending the licensed Cape Breton moose hunt for three years due to what the province is calling a “significant drop” in the population.
A well-known childhood prank known as 'nicky nicky nine doors,' or 'ding dong ditch,' has escalated into a more serious game that could lead to charges for some Surrey, B.C. teens.
It's been more than a month since their good friend was seriously hurt in an accident and two teens from Riverview, N.B., are still having a hard time dealing with it.
Halifax bridges have collected thousands of coins from around the world.
A donated clawfoot bathtub has become the preferred lounging spot for a pair of B.C. grizzly bears, who have been taking turns relaxing and reclining in it – with minimal sibling squabbling – for the past year.
A pair of cemetery investigators are cleaning and preserving as many gravestones they have permission to work on, as they conduct their research and document gravestones.
After more than three years, a B.C. woman has been reunited with a lost family heirloom.