The ruling will put Tesla at a big disadvantage in a trial set for May because it would not be allowed to argue the controversial Twitter post was truthful.
Tesla shareholders suing over Elon Musk’s 2018 tweet about taking the company private said they won a key ruling in the run-up to a fraud trial with billions of dollars in damages at stake.
“All that’s left some half-decade later is random plaintiffs’ lawyers trying to make a buck and others trying to block that truth from coming to light all to the detriment of free speech,” he said on Saturday. Musk told a New York federal judge in early March he “would never lie to shareholders”. He’s asking that judge to free him from social media restrictions he agreed to after the SecuritiesIn San Francisco, the shareholders suing over securities fraud are urging US District Judge Edward Chen to prohibit Musk from making any more public comments about his “interpretation and opinions” of the claims in their lawsuit until after the trial is finished.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forget Twitter: Elon Musk has his hands full keeping Tesla on the roadThe firm is doing well, but it will have perform amazingly to merit its position as the world’s most valuable carmaker
Read more »
Forget Twitter: Elon Musk has his hands full keeping Tesla on the roadThe firm is doing well, but it will have perform amazingly to merit its position as the world’s most valuable carmaker
Read more »
Judge deemed Musk's Tesla tweet 'false and misleading', claim investorsA 2018 tweet posted by Elon Musk in which he claimed to have secured the funding to take Tesla private has been deemed 'false and misleading' by a judge, according to documents filed by investors suing his electric car company.
Read more »
Key ruling goes against Musk in ‘go-private’ caseThe ruling will put Tesla at a big disadvantage in a trial set for May because it would not be allowed to argue the controversial Twitter post was truthful.
Read more »
Spence Jr sets up blockbuster bout boxing world has waited for with brutal Ugas beatdownBREAKING: Spence sets up blockbuster bout boxing world has waited for with brutal beatdown | Andrew_Jacko 👉
Read more »
Twitter adopts 'poison pill' defence against Elon Musk's takeover bidTwitter adopts a 'defensive measure' limiting Elon Musk's ability to raise his stake in the social media platform, as a buyout firm emerged to challenge his $58 billion bid for the company.
Read more »