Members of Tesla’s board of administrators have agreed to return $735 million in inventory awards to the corporate as a part of a settlement that accused the executives of grossly overpaying themselves. 

The settlement, one of many largest in company historical past, was filed in Delaware Chancery Court on Monday. In it, the administrators have agreed to provide again the cash and enact modifications to how board members obtain compensation. 

The administrators cited within the lawsuit included CEO Elon Musk, Oracle Corp. co-founder Larry Ellison and Mr. Musk’s brother, Kimbal Musk.

The lawsuit alleged that the administrators awarded themselves over $11 million price of inventory choices from 2017 to 2020.

The lawsuit alleged that the administrators breached their fiduciary duties by “awarding themselves excessive and unfair compensation.” In settling the swimsuit, the executives admitted no wrongdoing.

Before the settlement is finalized, it should be reviewed and accepted by Delaware Chancery Court Chief Judge Kathaleen St. Jude McCormick. She is anticipated to difficulty a ruling within the coming days.

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