![]() ![]() These cases have been stayed pending resolution of the stockholder class action. ![]() Musk and the members of Tesla's board of directors as then constituted in relation to statements made and actions connected to the potential going private transaction. īetween October 17, 2018, and November 9, 2018, five derivative lawsuits were filed in the Delaware Court of Chancery against Mr. As of August 2022, no resolution has been reached. A motion to dismiss was denied on April 15, 2020. Musk's statement and seek unspecified compensatory damages and other relief on behalf of a purported class of purchasers of Tesla's securities. Although the complaints vary in certain respects, they each purport to assert claims for violations of federal securities laws related to Mr. All of the suits are now pending in the United States District Court for the Northern District of California. On-going Securities litigation related to Musk "funding secured" tweet īetween August 10, 2018, and September 6, 2018, nine purported stockholder class actions were filed against Tesla and Elon Musk in connection with Elon Musk's August 7, 2018, Twitter post that he was considering taking Tesla private. #Tesla whompy wheel code#
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