‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedInKeeping Tesla Public Won’t Save Elon Musk From the SEC—or Angry Investors | WIRED
Don’t expect the feds to get less interested in Tesla just because it has decided to stay public. “I think the SEC’s interest in Tesla has been heightened, so they’ll be kept under close watch,” says Stephen Diamond, who studies securities law and corporate governance at the Santa Clara University School of Law. In fact, […]
Elon Musk hires Morgan Stanley, closing book on ‘funding secured’
Tesla CEO Elon Musk’s hiring of Morgan Stanley this week is just a small step in his ongoing quest to take Tesla private. But it has a larger, more damning implication: he probably didn’t have funding secured, even in the most loose sense of the phrase. via Elon Musk hires Morgan Stanley, closing book on […]
Tesla’s Elon Musk Is Now Facing Investor Lawsuit – MoneyJournals
It seems Elon Musk’s legal issues continue to bloom each day. That is because the Tesla CEO is facing an investor lawsuit, as reported by BBC. He and the company are basically sued due to manipulation of share prices with the CEO’s bombshell tweet. The latter, in particular, discusses his idea about taking the company […]
Tesla Investors File Securities Suits Over Elon Musk’s Take-Private Tweets | The D&O Diary
I have long thought that it was only a matter of time before somebody filed a securities class action lawsuit based on disclosures made through social media. I knew we were going to see that lawsuit someday or other. Well, the day has arrived. On Friday, August 10, 2018, two Tesla investors each filed separate […]
Did Elon Musk Violate Securities Laws With Tweet About Taking Tesla Private? – The New York Times
But it was Mr. Musk’s “funding secured” statement on Twitter that may put the iconoclastic founder most at risk. He provided no details about how much funding had been secured, from whom or under what conditions. His email to employees did not mention anything about the funding. “That’s a clear factual statement,” said John C. […]