Tesla investor seeks ‘billions’ in damages on behalf of shareholders who traded stock after Musk posted plan to take company private
Opening arguments are set to begin on Wednesday in a shareholder case against the Tesla CEO, Elon Musk, over a 2018 tweet that declared funding was “secured” to take the company private damaged shareholders.
The case is a rare securities class action trial, and Musk and his company are bucking the norm of settling claims that clear high legal hurdles, making for a potentially dramatic trial at which Musk himself may testify.
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Tesla investor seeks ‘billions’ in damages on behalf of shareholders who traded stock after Musk posted plan to take company private
Opening arguments are set to begin on Wednesday in a shareholder case against the Tesla CEO, Elon Musk, over a 2018 tweet that declared funding was “secured” to take the company private damaged shareholders.
The case is a rare securities class action trial, and Musk and his company are bucking the norm of settling claims that clear high legal hurdles, making for a potentially dramatic trial at which Musk himself may testify. Continue reading…Technology | The Guardian