Tesla, Musk ordered to face lawsuit over tweet

Tesla, Musk ordered to face lawsuit over tweet

4 years ago
Anonymous $9CO2RSACsf

https://www.siliconvalley.com/2020/04/15/tesla-musk-ordered-to-face-lawsuit-over-tweet/

A federal judge said Tesla Inc and Chief Executive Elon Musk must face a lawsuit claiming they misled shareholders when Musk tweeted that he had secured funding to take his electric car company private in a $72 billion transaction.

U.S. District Judge Edward Chen ruled on Wednesday that shareholders could try to prove Musk intended to defraud them with his Aug. 7, 2018 tweet and follow-up messages about plans for his Palo Alto-based company.

Tesla, Musk ordered to face lawsuit over tweet

Apr 15, 2020, 11:16pm UTC
https://www.siliconvalley.com/2020/04/15/tesla-musk-ordered-to-face-lawsuit-over-tweet/ > A federal judge said Tesla Inc and Chief Executive Elon Musk must face a lawsuit claiming they misled shareholders when Musk tweeted that he had secured funding to take his electric car company private in a $72 billion transaction. > U.S. District Judge Edward Chen ruled on Wednesday that shareholders could try to prove Musk intended to defraud them with his Aug. 7, 2018 tweet and follow-up messages about plans for his Palo Alto-based company.