Tesla Settles Shareholder Lawsuit for $735M Amid Political Backlash

Jul 17, 2023 · Attorneys who filed the lawsuit said it is one of the biggest shareholder derivative settlements in the Delaware Chancery Court’s history. The settlement with the board of …

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Tesla Settles Shareholder Lawsuit For $735M Amid Political Backlash

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Jul 17, 2023 · Attorneys who filed the lawsuit said it is one of the biggest shareholder derivative settlements in the Delaware Chancery Court’s history. The settlement with the board of …

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

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Jul 18, 2023 · Tesla 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 …

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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 …

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

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Jul 18, 2023 · FILE - A sign bearing the Tesla company logo is displayed outside a Tesla store in Cherry Creek Mall in Denver, Feb. 9, 2019. Current and former directors of electric-vehicle …

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Tesla Directors Asked To Pay US$735M In Lawsuit Settlement - CTV …

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Jul 17, 2023 · Tesla directors pay US$735M to settle lawsuit over excess compensation A sign bearing the Tesla company logo is displayed outside a Tesla store in Cherry Creek Mall in …

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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, …

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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 …

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

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Jul 18, 2023 · The settlement does not impact the $56 billion compensation package of Elon Musk, which is being challenged by shareholders in a separate lawsuit that went to trial last …

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Elon Musk & Tesla, Inc. Directors Compensation Lawsuit: $735M

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Elon Musk and other directors have filed a settlement with the court to give back $735M in compensation to Tesla, Inc. Skip to content. Search for: Search Button. ... a Tesla, Inc. (TSLA …

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Tesla Executives To Pay $735M To Settle Shareholder Lawsuit

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Tesla executives are now paying $735 million to settle a shareholder lawsuit after being accused of receiving excessive compensation.

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Tesla Board Gives Up $735 Million In Stock, Cash To End Suit (1)

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Jul 17, 2023 · Tesla Inc. directors, including Chief Executive Officer Elon Musk, agreed to return more than $735 million in stock awards and cash to settle an investor lawsuit accusing board …

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Tesla Board Agrees To $735 Million Settlement In Shareholder …

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Jul 19, 2023 · Tesla Board Agrees to $735 Million Settlement in Shareholder Lawsuit Over Director Compensation ... defendants have agreed to give back the equivalent value of 3.1 …

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Judge Approves Tesla Directors' Deal To End Excess Pay Case

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6 days ago · However, a Tesla shareholder filed a separate lawsuit in 2018 challenging Musk's $56 billion pay for serving as Tesla's CEO. Last year, the same judge ordered Musk's pay …

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Judge Approves Tesla Directors’ Deal To End Excess Pay Case

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6 days ago · Musk did not receive compensation for his role as a Tesla board member. However, a Tesla shareholder filed a separate lawsuit in 2018 challenging Musk’s $56 billion pay for …

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Tesla Settles Excess Compensation Lawsuit For $919 Million

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Jan 8, 2025 · Tesla has settled a significant lawsuit over excessive director compensation, agreeing to return up to $919 million. ... The response from the community and shareholders …

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Tesla Executives To Pay $735M To Settle Shareholder Lawsuit

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Tesla shareholders, including CEO Elon Musk, who were accused of receiving excessive compensation, have reached a settlement with the company amounting to $ 735 million.The …

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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 …

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FAQs about Tesla Settles Shareholder Lawsuit for $735M Amid Political Backlash Coupon?

Why did Tesla pay its directors a $735 million settlement?

Tesla had argued it used the stock options to ensure the incentives of directors were aligned with the goals of investors. Tesla 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. ...

Did Tesla enriched themselves with excessive compensation?

(AP Photo/David Zalubowski, File) 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 unjustly enriched themselves with excessive compensation. ...

How does the Tesla settlement affect Elon Musk's compensation package?

The settlement resolves a 2020 lawsuit by a retirement fund which holds Tesla stock and challenged stock options that were granted to Tesla directors starting in June 2017. The settlement does not impact the $56 billion compensation package of Elon Musk, which is being challenged by shareholders in a separate lawsuit that went to trial last year. ...

Did Tesla directors overpay themselves?

Photo: Samuel Corum/Bloomberg Shareholders alleged that current and former members of the board grossly overpaid themselves between 2017 and 2020. Tesla’s Board of Directors on Monday agreed to return $735 million to the electric vehicle company to settle claims the directors overcompensated themselves for years. ...

Why did Tesla settle a lawsuit?

Tesla did not respond to a request for comment. The directors acted in good faith and in the best interests of Tesla stockholders but agreed to settle to eliminate the risk of litigation to themselves and to the company, according to a court filing. ...