Law 360

JULY 25, 2022

Equal Employment Opportunity Commission has issued a finding against the company concerning alleged systemic race discrimination, hostile work environment and pay equity claims. said in its quarterly financial filing Monday that the U.S.

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Intelligize Blog

JANUARY 9, 2024

Namely, rank-and-file workers decried the hefty pay packages doled out to C-suite occupants, while executives fired back with arguments that their performance and value to their companies justified their compensation. Importantly, the rule carves out space for a company-selected measure, which may include non-GAAP performance measures.

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Entertainment 113

Law 360

JULY 8, 2022

Twitter Inc. said Friday the company will sue billionaire Elon Musk after the Tesla Inc. CEO pulled out of his $44 billion deal to buy the company based on allegations the social media giant hadn't provided enough information on fake accounts on the website.

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Law 360

NOVEMBER 22, 2023

A Florida state judge will allow the wife of a man killed when his Tesla hit a tractor trailer in March 2019 pursue punitive damages against the automotive company, finding that the evidence in the case forms a "reasonable basis" from which a jury could conclude that Tesla Inc. knew its Autopilot feature was defective.

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Law 360

JANUARY 27, 2023

An automotive industry analyst for JPMorgan said he was "shocked" when Tesla Inc. CEO Elon Musk tweeted in 2018 about a potential plan to take the company private, testifying in a California federal securities trial Friday that his initial reaction was Musk's account had been "hacked."

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Law 360

JANUARY 11, 2023

Investors suing Tesla Inc. and its CEO Elon Musk over his tweets about taking the company private told a California federal judge on Wednesday the class action should stay in San Francisco, scoffing at Musk's attempt to take the case to Texas a week before trial.

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Law 360

APRIL 26, 2023

After 14 years heading litigation and regulatory affairs at Apple Inc. and then seven more years doing it at Tesla Inc., Lynn Miller brings a depth of knowledge and a fervor for the environment to her new job as general counsel of an unusual transportation company.

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Law 360

JANUARY 24, 2022

Not only does Tesla Inc. 162 million for stock warrants, but the bank purposely misconstrued a 2018 tweet by Elon Musk to rake in a windfall of the electric car company's shares, Tesla told a New York federal court Monday. not owe JPMorgan Chase & Co.

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Law 360

OCTOBER 26, 2022

Elon Musk's unrestrained social media activity has cost Tesla Inc. shareholders "tens of millions of dollars" in damages and the electric car company's board members should be held personally liable for failing to restrain his actions, a new Chancery Court complaint says.

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Law 360

DECEMBER 7, 2022

A California federal judge on Wednesday barred any mention of Tesla Inc. Securities and Exchange Commission over his infamous tweets about taking the company private at $420 a share during an upcoming securities fraud trial over the same matter. CEO Elon Musk's 2018 settlement with the U.S.

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Law 360

DECEMBER 8, 2023

A Tesla Inc. stockholder sued in Delaware's Court of Chancery Friday seeking access to a range of company documents that include details on until-recently secret purchases by the company of millions of dollars worth of large, specialized glass panels for founder Elon Musk's "new house."

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Law 360

AUGUST 19, 2022

has spent weeks refusing to clear up a murky situation surrounding the role of its onetime legal chief, but experts are split on when the publicly traded company owes it to investors to tell them what happened.

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Law 360

OCTOBER 25, 2022

urged a California federal judge overseeing investors' upcoming securities fraud trial over CEO Elon Musk's 2018 tweets about taking the company private at $420 a share to bar the plaintiffs from mentioning the automaker's 2018 deal with the SEC over the tweets, arguing the evidence is too prejudicial.

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Law 360

SEPTEMBER 23, 2022

The Delaware Chancery Court on Friday refused Tesla CEO Elon Musk's request for a "blanket" waiver of the attorney-client privilege Twitter Inc. has cited in refusing to hand over documents in litigation over Musk's attempt to get out of his $44 billion offer to buy the company.

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Law 360

OCTOBER 13, 2023

An attorney for Tesla Inc. stockholders challenged a company attorney Friday to stand by claims that director stock option returns required under a proposed $919 million settlement of a Chancery Court director compensation suit won't put $458.6 million back on the tech company's equity balance sheet.

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Law 360

JUNE 7, 2022

A Twitter stockholder sued the social media giant in Delaware's Court of Chancery Tuesday, demanding access to corporate documents to probe alleged misstatements about user data and possible board failures in connection with the company's pending $44 billion acquisition by Tesla Inc. CEO Elon Musk.

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Law 360

JUNE 16, 2022

A Tesla Inc. investor hit CEO Elon Musk and the company's board with a derivative complaint in Texas federal court Thursday that alleges a "toxic" workplace culture is exposing the business to "enormous" liability, citing several high-profile civil lawsuits filled by current and former workers.

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Law 360

APRIL 21, 2022

billion in financing to acquire Twitter and is considering launching a tender offer to the company's shareholders, even as its directors are trying to thwart a hostile takeover. CEO Elon Musk told regulators Thursday that he has lined up $46.5

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Law 360

AUGUST 21, 2023

sued two former employees that the company alleges are responsible for a data breach that affected 75,735 people, including current and former employees, the company said in a disclosure with the Maine Attorney General's Office.

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Attorney 40

Law 360

NOVEMBER 15, 2021

owes JPMorgan Chase Bank NA more than $162 million for stock warrants that expired above the contractual strike price after the electric car company's CEO Elon Musk threatened in a 2018 tweet to take the company private, according to a lawsuit filed Monday in Manhattan federal court.

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Law 360

MARCH 1, 2022

s proposal to resolve claims based on the pleadings that the electric car company owes the bank $162 million for stock warrants, telling a New York federal judge the proposal relies "heavily on a one-sided view of disputed facts." has blasted JPMorgan Chase & Co.'s

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Law 360

JANUARY 30, 2023

A California federal judge on Monday blocked Tesla Inc.'s s bid to exclude an expert's testimony for calculating the losses investors claim they suffered as a result of CEO Elon Musk's tweet about possibly taking the company private, saying there is "nothing so fundamentally wrong" with the methodologies to make them inadmissible.

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Law 360

AUGUST 5, 2022

Preliminary results from Tesla Inc.'s s annual meeting show that the company and CEO Elon Musk successfully fought off several shareholder resolutions aimed at improving what some investors and workers have called in lawsuits its "toxic culture."

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Intelligize Blog

FEBRUARY 13, 2024

Judge Kathaleen McCormick ruled that the purportedly independent directors on Tesla Inc.’s Apple’s Tim Cook received a more favorable decision a week later when a federal judge tossed a lawsuit claiming the tech company miscalculated performance-based awards for its CEO and other executives.

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Law 360

JULY 14, 2021

Tesla Motors Inc. director Kimbal Musk said Wednesday in Delaware Chancery Court that he gave little weight to warnings about the electric car company's $2.6 in 2016, in testimony as part of a stockholder suit seeking billions in damages from his brother, Tesla CEO Elon Musk. billion acquisition of SolarCity Corp.

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Law 360

JULY 13, 2021

Tesla Motors Inc. CEO Elon Musk told a Delaware vice chancellor Tuesday that the electric car company's $2.6 billion purchase of SolarCity Corp. reflected efforts to advance sustainable energy goals, as a bench trial with potentially billions of damages in the balance continued.

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Law 360

MAY 3, 2021

Chancery Court late Monday allowed a limited piercing of the attorney-client privilege in a derivative stockholder suit challenging Tesla Inc.'s s approval of a potential $55 billion, 10-year compensation deal for company founder Elon Musk.

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Law 360

JULY 12, 2021

Tesla Motors Inc. was "troubled" when the electric car company bought it for $2.6 CEO Elon Musk denied Monday that rooftop solar venture SolarCity Corp. billion in 2016, at the sometimes acrimonious opening of a 10-day Delaware Chancery Court trial on demands that Musk repay billions to stockholders.

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Law 360

AUGUST 24, 2022

A California state judge said he is prepared to deny Tesla Inc.'s s efforts to dismiss a suit filed by a California agency alleging that racism ran rampant at a company factory in Fremont where Black workers were frequently subjected to slurs and passed over for promotions.

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Law 360

JULY 15, 2021

chief financial officer challenged Tesla Inc. stockholder claims Thursday that the company was insolvent in the runup to an allegedly unfair $2.6 billion Tesla bailout in 2016, arguing during a trial in Delaware Chancery Court that its liquidity woes were overblown. A former SolarCity Corp.

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Law 360

JULY 20, 2021

The chair of Tesla Motors Inc. denied Tuesday that the company's decision to buy SolarCity Corp. billion was "wired" for approval and driven by company CEO Elon Musk's hefty stake in both companies, according to testimony in a Delaware trial on stockholder claims for billions of dollars in damages.

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Fordham Law News

NOVEMBER 24, 2022

1] Despite its perceived innocence, this subtle tweet was the start of an ongoing conflict over Elon Musk’s purchase of Twitter, Inc. That same day, April 4, 2022, Musk, CEO of Tesla, Inc. 13] Musk then countersued Twitter, accusing the company of fraud due to misrepresentations of its business and metrics on spam accounts. [14]

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The Process Street

DECEMBER 28, 2020

Vancouver is rated the 3rd greenest city in the world, it’s seen a 35% increase in green jobs since 2010, and is home to 23% of Canada’s CleanTech companies. UPS – the world’s biggest logistic company – faced restrictions in Hamburg city, Germany, when authorities announced plans to restrict vehicle movement.

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Law 360

DECEMBER 8, 2022

Google parent company Alphabet Inc., Dell Technologies Inc., Microsoft Inc. and Tesla Inc. Circuit on Thursday to uphold a lower court ruling that tossed a case seeking to hold the companies accountable for using cobalt in their products that is mined by children in the Democratic Republic of the Congo.

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Court Rules Technology Court 40

ClimateChange-ClimateLaw

APRIL 9, 2021

Second Circuit Rejected New York City’s State Law Climate Claims Against Oil Companies. The Second Circuit Court of Appeals affirmed the dismissal of New York City’s lawsuit seeking climate change damages from oil companies. The Second Circuit’s decision largely followed the reasoning of the district court’s 2018 decision.

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Intelligize Blog

APRIL 11, 2024

The latest quarterly report from the company indicated TMTG generated a paltry $4 million in revenue last year. As a result, the company lost nearly $60 million in 2023. Since TMTG effectively went public in March through a merger with a special purpose acquisition company (SPAC), the price of its stock has cratered.

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Technology 117