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Tellabs Inc. v. Makor Issues & Rights, 551 U.S. 308 (2007), was a United States Supreme Court case in which the Court ruled on the interpretation of the Private Securities Litigation Reform Act of 1995's requirement of scienter in a civil action in apply to Tellabs and Makor Issues & Rights. [1]
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Tellabs, Inc. is a global network technology company that provides networking and communications solutions to both private and governmental agencies. [2] The company offers a range of products and services, including optical transport systems, access systems, managed access solutions, and network management software.
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A lawsuit filed in March 2021 alleges that Musk violated his fiduciary duty to Tesla by continuing to send "erratic" tweets in violation of the SEC settlement, and that the board is failing to control Musk. [14] [15] The case was also stayed pending resolution of the class-action lawsuit. [16] As of March 2024, the case is unresolved. [17]