The Business Litigation Blog

Shareholder Lawsuit Filed Against Tesla Board of Directors

A group of shareholders in Tesla filed a lawsuit against Elon Musk, Tesla, and the rest of the board of directors at Tesla. This suit has been filed because of the acquisition of SolarCity Corp., which is the biggest solar energy provider in America. More than 85% of shareholders voted yes to this acquisition.

The shareholders allege that there have been violations of federal securities laws and state laws. The case is now under seal in a Delaware court. This is not the only lawsuit Tesla is experiencing. Tesla also has two harassment lawsuits pending.

If you have a shareholder dispute contact Thomas E. Patterson or Patterson Law Firm or (312)-223-1699. 

Post a comment

Comments closed

Real Time Web Analytics