01:59 PM EDT, 06/21/2024 (MT Newswires) -- Tesla (TSLA) asked to delay the July 8 hearing on the award of billions of dollars in fees to the lawyers who challenged Elon Musk's $56 billion pay package, following shareholders' approval of the compensation plan, Bloomberg reported Friday.

The shareholders' approval last week "impacts significantly what remains to be decided in this litigation," the company's legal team reportedly said in a filing. Tesla asked to postpone the hearing to give it a chance to present the shareholder vote's implications, Bloomberg reported.

Greg Varallo, a lawyer for the Tesla investor who filed the case against Musk's pay package, wasn't immediately available for comment, the report said.

Tesla did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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