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IPFS News Link • Lawsuits

Tesla, Musk Omitted Key Aspects Of SolarCity Acquisition --

• https://www.zerohedge.com by Tyler Durden

Newly unsealed court documents published by PlainSite on Monday reveal that shareholders are accusing Tesla of improperly valuing its acquisition of SolarCity, providing "flawed analysis and misleading investors", according to CNBC. They also allege that Tesla withheld key information about its acquisition of SolarCity from Ernst & Young. 

The lawsuit was filed in 2016 and is one of the more notable legal actions proceeding against Tesla and Elon Musk, who also face lawsuits regarding solar panel fires and Autopilot deaths - in addition to the ongoing defamation lawsuit by Vern Unsworth. 

Tesla commented that the allegations lodged against it are: "...based on the claims of plaintiff's lawyers looking for a payday, and are not representative of our shareholders who support our mission and ultimately voted in favor of the acquisition."


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