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09-24-2019, 09:00 AM
Filed under: Earnings/Financials (https://www.autoblog.com/category/earnings-financials/),Government/Legal (https://www.autoblog.com/category/government-legal/),Green (https://www.autoblog.com/category/green-auto-news/),Tesla (https://www.autoblog.com/tesla)
https://o.aolcdn.com/images/dims3/GLOB/crop/4868x2738+0+565/resize/800x450!/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2019-09/9d7f28e0-dec9-11e9-b3a7-88f76e031550 The filing was part of a lawsuit by Tesla shareholders alleging the company’s board breached its duties to investors by approving the $2.6 billion acquisition of the struggling company, which was run by Musk's first cousins and of which he was a chairman and the largest stakeholder. The former SolarCity operations have been a drag on Tesla, with panel installations slumping since they were acquired. Shareholder lawsuits that survive a motion to dismiss often settle before trial, which in this Continue reading Elon Musk allegedly pushed SolarCity deal despite major cash crunch (https://www.autoblog.com/2019/09/24/tesla-elon-musk-lawsuit-solarcity-deal/)
Elon Musk allegedly pushed SolarCity deal despite major cash crunch (https://www.autoblog.com/2019/09/24/tesla-elon-musk-lawsuit-solarcity-deal/) originally appeared on Autoblog (https://www.autoblog.com) on Tue, 24 Sep 2019 09:01:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2019/09/24/tesla-elon-musk-lawsuit-solarcity-deal/) | Email this (https://www.autoblog.com/forward/2171765/) | Comments (https://www.autoblog.com/2019/09/24/tesla-elon-musk-lawsuit-solarcity-deal/#comments)
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https://o.aolcdn.com/images/dims3/GLOB/crop/4868x2738+0+565/resize/800x450!/format/jpg/quality/85/https://media-mbst-pub-ue1.s3.amazonaws.com/creatr-images/2019-09/9d7f28e0-dec9-11e9-b3a7-88f76e031550 The filing was part of a lawsuit by Tesla shareholders alleging the company’s board breached its duties to investors by approving the $2.6 billion acquisition of the struggling company, which was run by Musk's first cousins and of which he was a chairman and the largest stakeholder. The former SolarCity operations have been a drag on Tesla, with panel installations slumping since they were acquired. Shareholder lawsuits that survive a motion to dismiss often settle before trial, which in this Continue reading Elon Musk allegedly pushed SolarCity deal despite major cash crunch (https://www.autoblog.com/2019/09/24/tesla-elon-musk-lawsuit-solarcity-deal/)
Elon Musk allegedly pushed SolarCity deal despite major cash crunch (https://www.autoblog.com/2019/09/24/tesla-elon-musk-lawsuit-solarcity-deal/) originally appeared on Autoblog (https://www.autoblog.com) on Tue, 24 Sep 2019 09:01:00 EDT. Please see our terms for use of feeds (http://www.motorgen.com/rss-term-of-use/).
Permalink (https://www.autoblog.com/2019/09/24/tesla-elon-musk-lawsuit-solarcity-deal/) | Email this (https://www.autoblog.com/forward/2171765/) | Comments (https://www.autoblog.com/2019/09/24/tesla-elon-musk-lawsuit-solarcity-deal/#comments)
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