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Join the Securities Litigation and Enforcement Group on LinkedInMusk’s “Take Private” Tweets Held Actionable | The D&O Diary
In a now infamous August 7, 2018 post on his Twitter account, Tesla CEO Elon Musk stated that he was “considering taking Tesla private at $420. Funding secured.” This post and several subsequent messages ultimately were the subject of an SEC enforcement proceeding (later settled) as well as several securities class action lawsuits (later consolidated). […]