Rocket maker SpaceX and its CEO Elon Musk faced a lawsuit on Wednesday from eight engineers who allege illegal termination for raising concerns about sexual harassment and discrimination against women. The engineers, comprising four women and four men, claim Musk ordered their firing in 2022 after they circulated a letter criticizing the billionaire as a…
Tesla argued in court papers on Friday that the legal team voiding Elon Musk’s record Tesla pay package deserves only a tiny fraction of the $5.6 billion legal fee they requested, claiming their lawsuit provided almost no benefit to the company. Tesla (TSLA.O) stated that the legal team for Richard Tornetta, the shareholder whose lawsuit…
A Tesla shareholder has filed a lawsuit accusing CEO Elon Musk of insider trading, alleging that Musk sold over $7.5 billion of Tesla shares in late 2022 before the company revealed potentially disappointing production and delivery numbers. The lawsuit, filed by shareholder Michael Perry in Delaware Chancery Court, claims that Tesla’s share price plummeted after…
A Texas judge on Wednesday allowed a defamation lawsuit against Elon Musk to proceed but denied the request to sanction Musk’s prominent attorney, Alex Spiro. Judge Maria Cantu Hexsel rejected the motion to dismiss the Travis County lawsuit filed by plaintiff Benjamin Brody last year. Musk had argued that the case violated a state law…
A U.S. judge dismissed a lawsuit filed by Elon Musk’s X Corp against an Israeli data-scraping company, accusing it of illegally copying and selling content from the social media platform, as well as providing tools for others to do the same. U.S. District Judge William Alsup in San Francisco ruled on Thursday that X, formerly…
On Thursday, a federal judge indicated a willingness to compel Elon Musk to testify again in the U.S. Securities and Exchange Commission’s investigation into his $44 billion takeover of Twitter. Lawyers for the billionaire appeared in a San Francisco courtroom on Thursday to urge U.S. District Judge Jacqueline Scott Corley to decide against the SEC,…
The Biden administration has urged the U.S. Supreme Court to reject Elon Musk’s dispute with the Securities and Exchange Commission (SEC), marking a development in the billionaire businessman’s ongoing legal battle. Musk sought Supreme Court intervention in December, appealing a lower court’s affirmation of his consent decree with the SEC. This decree stemmed from Musk’s…
OpenAI is firing back, saying Musk himself supported the idea of making profits and even suggested merging with his own company, Tesla. They also say Musk wanted full control of OpenAI before he left in 2018.
Lawyers have petitioned a Delaware judge to grant them Tesla stock valued at nearly $6 billion as compensation for successfully arguing against CEO Elon Musk’s 2018 pay package.
In response to mounting opposition towards diversity, equity, and inclusion (DEI) efforts, a coalition of civil rights, political, and advocacy groups is mobilizing to defend these initiatives. Spearheaded by leaders such as Marc H. Morial of the National Urban League, these organizations are countering criticisms voiced by figures like Elon Musk and Bill Ackman. Morial…
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