A Delaware judge approved a settlement requiring Tesla directors, including Robyn Denholm, Larry Ellison, Kimbal Musk, and James Murdoch, to return up to $919 million to Tesla. This resolves a 2020 lawsuit by the Police and Fire Retirement System of Detroit, which accused them of excessive compensation from 2017 to 2020. The settlement involves returning stock and options worth up to $735 million and relinquishing pay valued at $184 million for three years. Chancellor Kathaleen McCormick, who presided over the case, awarded $176 million in fees to the law firms involved, although Tesla requested a cap of $64 million. McCormick previously ruled against Elon Musk’s pay package.
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