Elon Musk
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Elon Musk wants to dismiss a lawsuit by former Twitter shareholders who accused him of waiting too long in early 2022 to reveal his large ownership stake in the social media company, saying his delay was a mistake. In a late Wednesday night filing in Manhattan federal court, Musk argued that it is implausible to…
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Tesla (TSLA.O) and opponents of Elon Musk’s compensation clashed on Friday over how to resolve the legal issues surrounding the CEO’s $56 billion pay package and the billions of dollars in potential legal fees generated by the case. Tesla, in a court filing, urged a Delaware judge to recognize the vote by Tesla shareholders in…
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The CEO of the California Public Employees’ Retirement System (CalPERS) announced plans to vote against Tesla CEO Elon Musk’s $56 billion compensation package. CalPERS, the largest U.S. pension fund and one of the top 30 investors in Tesla with 9.5 million shares according to LSEG data, previously voted against Musk’s stock options package in 2018.…
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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…
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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…
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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…
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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…
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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…
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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,…
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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…
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