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IPFS News Link • Business/ Commerce

Lawsuits May Delay Tesla / SolarCity Deal

• http://insideevs.com, by Eric Loveday

The lawsuits were all filed in early September and have various allegations ranging from "breached fiduciary duties" to "individual defendants would be unjustly enriched by the proposed Merger."

Tesla still believes that the deal can be finalized by the end of the year, but these legal proceedings are certainly a setback.

Here are the four lawsuits:

City of Riviera Beach Police Pension Fund v. Elon Musk, et al. , C.A, No. 12711-VCS
Ellen Prasinos v. Elon Musk, et al. , C.A. No. 12723-VCS
Arkansas Teacher Retirement System, et al. v. Elon Musk, et al. , C.A. No. 12740-VCS
P. Evan Stephens v. Elon Musk, et al. , C.A. No. 1275-VCS


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