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Browse: Home / 2023 / February / 03 / Elon Musk Found Not Liable in Trial Over Tweets Proposing to Take Tesla Private – WSJ

Elon Musk Found Not Liable in Trial Over Tweets Proposing to Take Tesla Private – WSJ

By Securities Docket on February 3, 2023, 7:07 pm

A jury rejected investor claims that Elon Musk violated federal securities law when he tweeted in 2018 about potentially taking Tesla Inc. increase; green up pointing triangle private, handing a major win to the billionaire chief executive.

The nine-person jury said the investors who brought the class-action case failed to prove that Mr. Musk hurt them by tweeting about a possible deal.

Source: Elon Musk Found Not Liable in Trial Over Tweets Proposing to Take Tesla Private – WSJ

Posted in Class Actions, Top | Tagged Tesla, Verdicts

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