Tesla director compensation derivative suit governance case
Defendants
Shareholders alleged Tesla directors awarded themselves excessive stock options from 2017 to 2020.
The case
- Court
- Delaware Court of Chancery
- Filed
- Jun 17, 2020
- Status
- Settled
- Outcome
- Directors returned $277 million in cash to Tesla; plaintiffs' counsel received $176 million, which Tesla appealed.
History
1 dated entryComplaint filed: Police and Fire Retirement System of the City of Detroit v. EllisonSource