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Tesla directors pay $735 million to settle lawsuit over excess compensation

Tesla directors pay $735 million to settle lawsuit over excess compensation

In this photo illustration, the Tesla, Inc. logo is displayed on a smartphone screen. 

Rafael Henrique | Lightrocket | Getty Images

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.

The settlement resolves a 2020 lawsuit by a retirement fund which holds Tesla stock and…


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