Tesla shareholder suit over Elon Musk tweets remains on hold

Tesla shareholder suit over Elon Musk tweets remains on hold

4 years ago
Anonymous $-9GJQVHNr8

https://apnews.com/70368fc2c8f2f2d74d58bf9797e38ebe

DOVER, Del. (AP) — A Delaware judge has denied a request by attorneys for Tesla shareholders to pursue a lawsuit seeking to prevent CEO Elon Musk from using his personal Twitter account to disseminate information regarding the electric vehicle and solar panel manufacturer.

Vice Chancellor Joseph Slights III ruled Tuesday that shareholder attorneys had not demonstrated a sufficient reason for him to allow the state court lawsuit to proceed. Slights put the case on hold after it was filed last year because of a pending federal securities fraud lawsuit and a contempt motion against Musk by the Securities and Exchange Commission.

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