Core Viewpoint - The Delaware Supreme Court reduced the legal fees owed by Tesla Inc. from $176.1 million to $70.9 million in a shareholder lawsuit regarding director compensation, indicating a significant reevaluation of the settlement's value [1]. Group 1: Legal Developments - The Delaware Supreme Court ruled that the Chancery Court judge overvalued the settlement when determining attorney fees [1]. - The court stated that the intrinsic value of returned stock options should have been excluded from settlement calculations [3]. Group 2: Financial Implications - Tesla directors, including Chair Robyn Denholm and James Murdoch, agreed to return approximately $277 million in cash and stock options to the company as part of the settlement [2]. - The total settlement is valued at $919 million according to attorneys representing the shareholders [2]. Group 3: Elon Musk's Position - Elon Musk was not part of the settlement and successfully defended his compensation in a separate case, with the Delaware Supreme Court overturning a previous ruling that voided his 2018 pay package [4].