In this photo illustration, the Tesla Inc logo is displayed on a smartphone screen.
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teslaAccording to documents filed Monday in Delaware court, the company’s directors agreed to settle a shareholder lawsuit challenging its compensation by returning 3.1 million stock options, worth $735 million, to the company.
The settlement resolves a 2020 lawsuit filed by a retirement fund that owns Tesla stock and challenges stock options granted to Tesla directors beginning in June 2017.
The settlement does not affect Elon Musk’s $56 billion compensation package, which was challenged by shareholders in a separate lawsuit that went to trial last year. A ruling in the Musk case is expected soon.