The move falls short of the changes sought by Bombardier’s largest outside shareholder, Caisse de Depot et Placement du Quebec, which criticized the board for a “lapse of governance” on compensation.
The lawsuit is among more than 1,000 filed against the company by women across the U.S.
"This settlement recovers substantial losses caused by E&P's decision to cavalierly place its own profits above its commitment to adhere to important nuclear safety and quality control requirements," said John Horn, U.S. attorney...
The case was filed as a class action on behalf of Model S and Model X owners who bought their vehicles during the two quarters ending March 31.
The resignation disrupts what had been shaping up to be the biggest and most aggressive U.S. proxy battle this season.