Hedge funds step up to lead shareholder suit against Tesla | Reuters

The Tempus International Fund and the Opportunity Unique Fund, which are both managed by Brazil’s Opportunity Gestão de Investimentos e Recursos Ltda, were among more than a dozen Tesla investors to file motions Tuesday night in federal court in San Francisco, where U.S. District Judge Edward Chen is overseeing lawsuits alleging that Tesla CEO Elon Musk deceived shareholders when he tweeted on Aug. 7 that he had secured funding to take the company private at $420 per share.

via Hedge funds step up to lead shareholder suit against Tesla | Reuters.