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Browse: Home / 2020 / May / 20 / Judge shelves Tesla shareholder lawsuit to stop Elon Musk from tweeting – MarketWatch

Judge shelves Tesla shareholder lawsuit to stop Elon Musk from tweeting – MarketWatch

By Securities Docket on May 20, 2020, 1:41 pm

A Delaware judge has denied a request by attorneys for Tesla shareholders to pursue a lawsuit seeking to prevent CEO Elon Musk from using his personal Twitter account to disseminate information regarding the electric vehicle and solar panel manufacturer.

Vice Chancellor Joseph Slights III ruled Tuesday that shareholder attorneys had not demonstrated a sufficient reason for him to allow the state court lawsuit to proceed. Slights put the case on hold after it was filed last year because of a pending federal securities fraud lawsuit and a contempt motion against Musk by the Securities and Exchange Commission.

via Judge shelves Tesla shareholder lawsuit to stop Elon Musk from tweeting – MarketWatch.

Posted in Class Actions, Top | Tagged Tesla

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