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The complaint asserts both derivative claims and direct claims on behalf of a purported class and seeks, among other relief, $13 billion from Elon Musk. [93] The acquisition was approved by Tesla and SolarCity's stockholders on November 17, 2016 [94] and the merger closed on November 21, 2016.
The SEC also sued Musk in 2018 over his Twitter posts about taking Tesla private. He settled that lawsuit by paying a $20 million fine, agreeing to let Tesla lawyers review some posts in advance ...
The U.S. Securities and Exchange Commission has given Elon Musk until Monday to respond to an offer to resolve a probe into the billionaire's $44-billion takeover of Twitter in 2022, a source ...
Combined with state suits, Musk, Tesla, X, and SpaceX have sued competitors, startups, law firms, watchdog groups, individuals, the state of California, federal agencies, and pop star Grimes, who ...
Elon Musk posted a picture of an irate letter his lawyer allegedly sent to SEC chair Gary Gensler that detailed investigations into two of his companies. The Securities and Exchange Commission ...
The SEC sued Musk in October to compel him to testify after he refused to attend a September interview for the investigation. ... Elon Musk has settled his latest legal fight with the U.S ...
Former Twitter executives sued Musk and X Corp. for US$128 million in unpaid severance in March 2024. In the filing, the plaintiffs alleged that Musk had acted in revenge against them personally. [3] A district judge dismissed Musk's bid to dismiss the case on November 1, 2024. [4]
A Tesla investor sued Elon Musk and the company board over the CEO's "erratic" tweets. Musk's tweets cost the company billions and violated an SEC settlement, the lawsuit alleged.