Tesla Class Action July 14 2025. The purpose of the notice is to inform you of a class action lawsuit now pending in the united states district court for the northern district of california (the “court”) against tesla, inc. Tesla 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.
In what is as far as i know the largest shareholder derivative lawsuit settlement ever as measured by dollar value, the defendant board members in the tesla board compensation derivative suit have agreed to settle the case. Directors, including chief executive officer elon musk, agreed to return more than $735 million in stock awards and cash to settle an investor lawsuit accusing board.
