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Tesla settles shareholder lawsuit with directors agreeing to return $735 million in stock options.
No, not either of these lawsuits (although a decision on Elon’s $56 billion pay package is expected soon, you can relive his testimony in text form here), but in the case of The Police and Fire Retirement System of the City of Detroit v. Elon Musk.
The retirement fund challenged stock options granted to directors starting in 2017, according to Reuters, and it appears the proposed settlement (linked below) has been accepted, so they’ll return 3.1 million options to the company.
2023.07.14 Detroit Settlement Agreement Final
[DocumentCloud]
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