08:00 AM EST, 01/09/2025 (MT Newswires) -- Tesla (TSLA) directors received court approval for a settlement of up to $919 million to resolve claims they overpaid themselves, Reuters reported Wednesday, citing an attorney and a shareholder.

The settlement requires board members, including Chair Robyn Denholm, to return about $277 million in cash and $459 million in stock options, and to relinquish stock options worth $184 million, the report said. Other directors named in the case included James Murdoch and Oracle (ORCL) co-founder Lawrence Ellison.

The Delaware judge also granted law firms that brought the case $176 million in fees and costs, the report said. The directors did not admit wrongdoing, Reuters added.

Tesla did not immediately reply to MT Newswires' request for comment.

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