Tesla Directors Settle, Isolating Musk as SolarCity Trial Looms - CNBC.com -BoardProspects

Tesla Directors Settle, Isolating Musk as SolarCity Trial Looms

CNBC.com Jan 30 2020 BoardNews

Directors of Tesla settled a shareholder lawsuit over the company's 2016 acquisition of SolarCity Corp, leaving Chief Executive Officer Elon Musk as the lone defendant facing claims that Tesla paid $2.6 billion for a worthless solar energy system installer, according to court documents...
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1. Plaintiffs probably think they have a cleaner shot on the merits if the only issues they have to raise are with Elon Musk and Elon Musk's actions.
Topics Mentioned
- MDC Partners
- technology
- acquisition
- Delaware
- Tesla
- Elon Musk
- Twitter
- lawsuit
- Shareholder Lawsuit
Authors
- Cnbc