The settlement also compensates the lawyers representing the law firms of the plaintiffs in the case, awarding $176 million in fees despite attempts by the defendants to cap fees at $64 million. https://t.co/7VMDZrPDDI
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The settlement resolves allegations that the directors received excessive payment, though the directors have admitted no wrongdoing. https://t.co/7VMDZrPDDI
A Delaware judge has approved a settlement in a lawsuit that requires several Tesla directors to return $919 million to the company. The settlement addresses allegations that the directors overpaid themselves, although they have not admitted to any wrongdoing. Additionally, the settlement allocates $176 million in legal fees to the plaintiffs' attorneys, despite efforts by the defendants to limit these fees to $64 million. This resolution marks a significant step in addressing concerns over executive compensation within Tesla.