Elon Musk prevails in Delaware court case on SolarCity deal

Elon Musk prevails in Delaware court case on SolarCity deal

2 years ago
Anonymous $xqL1ZTchGQ

https://apnews.com/cb1d9bf3da907ac96871991565b78423

WILMINGTON, Del. (AP) — A Delaware court sided with Tesla CEO Elon Musk in a bitter legal battle over whether he acted against the best interest of other shareholders when he steered the electric car maker into a $2.6 billion acquisition of a solar panel maker founded by two of his cousins.

The 132-page decision issued Wednesday by Delaware Chancery Court Vice Chancellor Joseph R. Slights vindicated Musk, who appeared on the witness stand last summer during two days of often combative testimony. Musk defended his reasons for thinking it was a good idea for Tesla to buy SolarCity in November 2016, even as some analysts and some stockholders questioned the deal's wisdom.

Elon Musk prevails in Delaware court case on SolarCity deal

Apr 28, 2022, 1:16am UTC
https://apnews.com/cb1d9bf3da907ac96871991565b78423 > WILMINGTON, Del. (AP) — A Delaware court sided with Tesla CEO Elon Musk in a bitter legal battle over whether he acted against the best interest of other shareholders when he steered the electric car maker into a $2.6 billion acquisition of a solar panel maker founded by two of his cousins. > The 132-page decision issued Wednesday by Delaware Chancery Court Vice Chancellor Joseph R. Slights vindicated Musk, who appeared on the witness stand last summer during two days of often combative testimony. Musk defended his reasons for thinking it was a good idea for Tesla to buy SolarCity in November 2016, even as some analysts and some stockholders questioned the deal's wisdom.