Published 2 years ago

Elon Musk wins shareholder lawsuit over Tesla’s $2.6 billion SolarCity acquisition

Summary by Ground News

Tesla CEO Elon Musk won an epic Delaware Chancery Court battle Wednesday over a stockholder claim for $13 billion in damages. The claim was tied to claims that he breached his fiduciary duty to the electric car company in an allegedly conflicted and unfair $2.6 billion purchase of rooftop solar company SolarCity. "After careful consideration, I am persuaded Elon presented credible evidence that Tesla paid a fair price for SolarCity," the court wrote.

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CTV News

Judge rules for Elon Musk in US$13 billion lawsuit over Tesla-SolarCity deal

Tesla's Chief Executive Officer Elon Musk did not unjustly enrich himself when he guided the electric vehicle maker in 2016 to acquire SolarCity, where Musk was chairman and the largest shareholder, a Delaware judge ruled on Wednesday.

2 years ago·Canada

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The Independent

Elon Musk prevails in Delaware court case on SolarCity deal

A Delaware court sided with Tesla CEO Elon Musk in a bitter legal battle over whether he acted against the best interest of other shareholders when he steered the electric car maker into a $2.6 billion acquisition of a solar panel maker founded by two of his cousins

2 years ago·London, United Kingdom

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Reuters

Judge rules for Elon Musk in $13 bln lawsuit over Tesla-SolarCity deal

Tesla Inc Chief Executive Officer Elon Musk did not unjustly enrich himself when he guided the electric vehicle maker in 2016 to acquire SolarCity Corp, where Musk was chairman and the largest shareholder, a Delaware judge ruled on Wednesday.

2 years ago·United Kingdom

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Associated Press News

Elon Musk prevails in Delaware court case on SolarCity deal

WILMINGTON, Del. (AP) — A Delaware court sided with Tesla CEO Elon Musk in a bitter legal battle over whether he acted against the best interest of other shareholders when

2 years ago·United States

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CNN

Judge rules for Elon Musk in $13 billion lawsuit over Tesla-SolarCity deal

Tesla Chief Executive Officer Elon Musk did not unjustly enrich himself when he guided the electric vehicle maker in 2016 to acquire SolarCity Corp, where Musk was chairman and the largest shareholder, a Delaware judge ruled on Wednesday.

2 years ago·Atlanta, United States

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