Tesla’s Board of Directors have reached a $735 million settlement with investors following a lawsuit claiming they had drastically overpaid themselves. The money will be returned to Tesla, ending the legal claim filed in 2020 that accused the directors, including co-founder Elon Musk, of inappropriately siphoning off millions of dollars from the company.

The Police and Fire Retirement System of Detroit filed the 78-page complaint in Delaware which said: “They [the board] have granted themselves millions in excessive compensation and are poised to continue this unrelenting avarice into the indefinite future,” Crain’s Detroit Business reported at the time.