Elon Musk & Tesla board obligated to return US$735 million in shares in legal case settlement

[Redaktion]

A lawsuit against Tesla's board members over the board's compensation has resulted in a settlement that requires CEO Elon Musk and other board members to repay upwards of US$735 million in stock and cash. The lawsuit, which was levelled against Musk and a multitude of other Tesla board members by the Police and Fire Retirement System of Detroit in 2020, ended in a settlement in order "to eliminate the uncertainty, risk, burden, and expense of further litigation."

https://www.notebookcheck.net/Elon-Musk-Tesla-board-obligated-to-return-US-735-million-in-shares-in-legal-case-settlement.734852.0.html