Tesla directors to return more than $735 million to company to …

Jul 18, 2023 · Current and former directors of electric-vehicle maker Tesla Inc. have agreed to return more than $735 million to the company to settle a shareholder lawsuit alleging that they …

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Tesla Directors To Return More Than $735 Million To Company To …

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Jul 18, 2023 · Current and former directors of electric-vehicle maker Tesla Inc. have agreed to return more than $735 million to the company to settle a shareholder lawsuit alleging that they …

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Tesla Directors Pay $735 Mln To Settle Lawsuit Over Excess …

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Jul 17, 2023 · Tesla Inc's directors will return $735 million to the company to settle claims they grossly overpaid themselves in one of the largest shareholder settlements of its kind, …

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Tesla Directors Will Return $735 Million To Company To Settle ...

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Jul 18, 2023 · The settlement resolves a 2020 lawsuit by a retirement fund which that holds Tesla stock and challenged stock options that were granted to Tesla directors starting in June 2017.

cnn.com

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Judge Approves Tesla Directors' Deal To End Excess Pay Case

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6 days ago · Tesla directors including Chair Robyn Denholm and James Murdoch got court approval on Wednesday for a settlement worth up to $919 million that requires they return …

reuters.com

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Tesla Board Members To Return $735 Million Amid Lawsuit They …

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Jul 18, 2023 · The agreement concludes a lawsuit filed in 2020 alleging Tesla's directors "breached their fiduciary duties by awarding themselves excessive and unfair compensation," …

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Judge Approves Tesla Directors' Deal To End Excess Pay Case

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6 days ago · The settlement requires Tesla board members including Denholm and Murdoch to return roughly $277 million in cash, $459 million in stock options and to forgo stock options for …

usnews.com

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Judge Approves Tesla Directors' Nearly $1 Billion Deal To End Excess ...

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6 days ago · Tesla directors got court approval for a settlement worth up to $919 million that requires they return compensation to the carmaker.

cnbc.com

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Tesla Directors Pay $735M To Settle Shareholder Lawsuit Over …

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Jul 18, 2023 · Tesla Inc.’s directors will return $735 million to the company to settle claims they grossly overpaid themselves in one of the largest shareholder settlements of its kind, …

insurancejournal.com

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Tesla Directors Returning $735M To Settle Excess Compensation Suit

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Jul 18, 2023 · Former Tesla board member Larry Ellison was a defendant in the lawsuit. AP. The total value is based on a settlement stock price of $260.54, which was Tesla’s closing share …

nypost.com

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Tesla Board Members Officially Settle Excessive Compensation Case …

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6 days ago · Under the settlement, the board members agree to return to Tesla $277 million in cash, $459 million in stock options and to forgo $184 million worth of stock options awarded …

electrek.co

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Tesla Board Members To Return $735M In Compensation Settlement

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Jul 18, 2023 · The suit [PDF] was brought by the Police and Fire Retirement System of Detroit in 2020, and accused Tesla's directors of breaching their fiduciary duty to the company and …

theregister.com

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Judge Approves Tesla Directors’ Deal To End Excess Pay Case - CNN

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6 days ago · Tesla directors, including Chair Robyn Denholm and James Murdoch, got court approval on Wednesday for a settlement worth up to $919 million that requires they return …

cnn.com

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Tesla Board Agrees To $735 Million Settlement In Shareholder …

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Jul 19, 2023 · As part of the settlement, defendants have agreed to give back the equivalent value of 3.1 million Tesla stock options. The directors have also agreed to not receive any …

law.com

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Tesla Directors Settle Compensation Lawsuit, Agree To Return $735M …

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Jul 17, 2023 · WILMINGTON, Del. — Tesla Inc.'s directors agreed to settle a shareholder lawsuit challenging their compensation by returning to the company the value of 3.1 million stock …

autonews.com

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Tesla Directors Settle Overpayment Lawsuit, Will Return $735M ...

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Jul 18, 2023 · Tesla directors have agreed to settle a lawsuit filed by shareholders alleging excessive overpayment, returning $735 million to the company. Read more about the Tesla …

entrepreneur.com

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Tesla Directors To Pay Up To $919 Million To Settle Claims They ...

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5 days ago · A Delaware judge has approved a settlement that will see Tesla directors — including Chair Robyn Denholm, Oracle founder Larry Ellison, Kimbal Musk, and James …

techcrunch.com

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Judge Approves Tesla Directors’ Deal To End Excess Pay Case

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6 days ago · Tesla directors got court approval on Wednesday for a settlement worth up to $919 million, requiring they return compensation to the carmaker to resolve allegations they …

autonews.com

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Court Approves Tesla Board’s $919 Million Excessive …

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6 days ago · Tesla board members have received court approval for a $919 million settlement addressing claims of excessive compensation. The agreement was first reached in July 2023, …

driveteslacanada.ca

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Judge Approves Tesla Directors' Deal To End Excess Pay Case

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6 days ago · Tesla directors including Chair Robyn Denholm and James Murdoch got court approval on Wednesday for a settlement worth up to $919 million that requires they return …

yahoo.com

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Tesla Board Will Return More Than $900M In Shareholder Settlement

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6 days ago · The company's board will return more than $900 million in compensation to settle a shareholder lawsuit, an agreement a Delaware court approved on Jan. 8, 2025. Justin Sullivan …

legaldive.com

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Tesla Executives To Pay $735M To Settle Shareholder Lawsuit

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Jul 18, 2023 · Tesla shareholders, including CEO Elon Musk, who were accused of receiving excessive compensation, have reached a settlement with the company amounting to $735 …

readwrite.com

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Tesla (TSLA) Directors Agree To $919 Million Settlement In Excess …

2 weeks from now

5 days ago · A Delaware court has approved a settlement requiring Tesla directors to return $919 million in compensation to resolve allegations of excessive pay. The agreement, approved by …

moneycheck.com

FAQs about Tesla directors to return more than $735 million to company to … Coupon?

Will Tesla's directors return $735 million in a shareholder settlement?

Tesla Inc's directors will return $735 million to the company to settle claims they grossly overpaid themselves in one of the largest shareholder settlements of its kind, according to a Monday filing in a Delaware court. ...

Why did Tesla pay $735 million?

Current and former directors of electric-vehicle maker Tesla have agreed to return more than $735 million to the company to settle a shareholder lawsuit alleging that they unjustly enriched themselves with excessive compensation. ...

Will Tesla directors return $919 million if they overpaid themselves?

A Delaware judge has approved a settlement that will see Tesla directors — including Chair Robyn Denholm, Oracle founder Larry Ellison, Kimbal Musk, and James Murdoch — return up to $919 million to the automaker, officially resolving allegations that they overpaid themselves, per Reuters. ...

Will TSLA directors get a $919 million settlement?

WILMINGTON, Del. (Reuters) - Tesla (TSLA) directors including Chair Robyn Denholm and James Murdoch got court approval on Wednesday for a settlement worth up to $919 million that requires they return compensation to the carmaker to resolve allegations they overpaid themselves. ...

Why did Tesla settle a stock option lawsuit?

Tesla had argued it used the stock options to ensure the incentives of directors were aligned with the goals of investors. The settlement resolves a lawsuit by a retirement fund which holds Tesla stock and challenged stock options that were granted to directors starting in 2017. ...

How many stock options did Tesla's directors give themselves?

Tesla’s directors were accused of awarding themselves around 11 million stock options from 2017 to 2020, which shareholders say is grossly in excess of the standard for corporate boards. They agreed to return the equivalent value of 3.1 million Tesla stock options, the filing shows and Reuters . ...