PENDING
Tesla Corporation Stock Manipulation
SETTLEMENT FUND: TBD
FILING DEADLINE: TBD
CASE NUMBER:
18-cv-04912 Northern District of California
CLASS PERIOD:
August 07, 2018 — August 09, 2018
NON-SETTLING DEFENDANTS
Elon Musk, Tesla Corporation
ELIGIBLE CLASS
All persons and entities, other than Defendants and their affiliates, who purchased or otherwise acquired Tesla common stock.
PROPOSED INSTRUMENTS
Tesla common stock.
Preliminary Allegations
The complaint alleges that the defendants (i) deceived the investing public regarding Tesla’s business, operations, management, and the intrinsic value of its common stock; and (ii) caused Plaintiff and other shareholders to purchase the Company’s common stock at artificially inflated prices.
Case Summary
Class action on behalf of all persons and entities, other than Defendants and their affiliates, who purchased or otherwise acquired Tesla common stock from August 7, 2018 through August 17, 2018, pursuant to sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
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BRIEF COMPANY PROFILE
Name: Tesla Inc.
Country: United States
Sector: Consumer Cyclical
Industry: Auto Manufacturers