Us Shareholder Lawsuit
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US Supreme Court Tosses Case Involving Securities Fraud Suit Against Facebook
The US Supreme Court sidestepped on Friday a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing Meta's Facebook of misleading investors about the misuse of the social media platform's user data.
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Intel Shareholders Sue Chipmaker After Job, Dividend Cuts Cause Stock Plunge
The lawsuit came after Intel said last Thursday it would lay off more than 15 percent of its workforce, or more than 15,000 jobs, and suspend its dividend starting in the fourth quarter as part of a restructuring meant to save $10 billion (roughly Rs. 83,976 crore) in 2025.
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Musk Suggests Late Twitter Disclosure Was A Mistake, Seeks To End Lawsuit
Elon Musk wants to dismiss a lawsuit by former Twitter shareholders who said he waited too long in early 2022 to reveal his large ownership stake in the social media company, saying "all indications" show his delay was a mistake.
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Tesla CEO Elon Musk Faces Shareholder Lawsuit for Alleged $7.5 Billion Insider Trading
Tesla shareholder Michael Perry has filed a lawsuit accusing Tesla CEO Elon Musk of insider trading. The shareholder alleges that Musk sold over $7.5 billion of shares of the electric car maker in late 2022, before potentially disappointing production and delivery numbers were made public by the electric car maker. The lawsuit asks a US court to di...
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Case Against Elon Musk For Alleged $7.5 Billion Insider Trading
A Tesla shareholder filed a lawsuit on Thursday accusing CEO Elon Musk of insider trading when he sold over $7.5 billion of shares of the electric car maker in late 2022.
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US Judge Rejects Apple's Bid to Throw Out Lawsuit That Accuses CEO Tim Cook of Defrauding Shareholders
A US judge has rejected Apple's bid to throw out a class-action lawsuit led by a British pension fund that accused Chief Executive Tim Cook of defrauding shareholders by concealing falling demand for iPhones in China.
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Judge Dismisses Lawsuit That Alleges Elon Musk Cheated Shareholders Several Times During Twitter Buyout
In a decision on Monday, US District Judge Charles Breyer in San Francisco said plaintiff William Heresniak lacked standing to sue because he challenged "wrongs associated with" Musk's buyout, not the fairness of the buyout itself.
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HP Must Face Lawsuit for Alleged Shareholder Fraud by Boosting Sales, Appeals Court Rules
A US appeals court on Tuesday revived a lawsuit alleging HP defrauded shareholders by secretly using unprofitable tactics to boost sales of its printing supplies in 2015 and 2016.
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Elon Musk Takes Witness Stand, Defends 2018 Buyout Tweets in Tesla Shareholder Trial
Elon Musk on Friday defended his tweet from 2018 claiming that he had lined up funding to take Tesla private in a class-action lawsuit by shareholders claiming he misled investors. The Tesla CEO delivered sworn testimony in a US court in front of a nine-person jury and a full room of media and other spectators, and the trial was adjourned for the w...
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Tesla Shareholder Trial: US Jury Told That Elon Musk's 'Lies' Cost Tesla Investors Millions
Tesla investors' lawyer told jurors in the lawsuit against Elon Musk that the billionaire's lies about having funding in place to take the company private had cost his clients millions of dollars in 2018. The first witness, a 71-year-old man, told jurors Elon Musk's tweet about taking the company private threatened almost all the money he had inves...
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Tesla Engineer Tells US Court That the Firm Staged 2016 Video Promoting Self-Driving Capabilities
A Tesla engineer has testified during Elon Musk's ongoing shareholder lawsuit that the company's promotional video in 2016 showing off the vehicle's capabilities like stopping at a red light and accelerating at a green light was staged and the vehicle did not have those capabilities. The video was released in October 2016 and promoted on Twitter by...
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Elon Musk's Trial Over His 'Funding Secured' Tweets About Tesla in 2018 Set to Begin: All You Need to Know
Elon Musk is set to face a trial in a US court over his tweets about Tesla from 2018, triggered by a class-action lawsuit on behalf of investors who owned Tesla stock for a 10-day period in that year. Here's why the beleaguered billionaire, who took Twitter private last year, is facing a trial over a firm that he didn't.
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Elon Musk Wants Tesla Shareholder Lawsuit Moved to Texas, Claims He Can't Get Fair Trial in California
Elon Musk's lawyers have asked a federal judge in the US to move a Tesla shareholder trial to Texas from California, claiming that he would not get a fair trial in the state. The billionaire has asked the court to postpone the trial until negative publicity regarding the billionaire’s purchase of Twitter has died down, if moving the trial is not ...
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Elon Musk Defends $56 Billion Salary, Says Some Tesla Decisions Made Without Board Nod
Elon Musk on Wednesday defended his $56 billion (roughly Rs. 4,56,800 crore) pay package in a US court, in a lawsuit filed by a shareholder. The Tesla CEO said that he made some decisions without the approval of the company's board. However, the testimony did not definitely prove who developed Musk's 2018 pay package or establish whether it was a p...
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Elon Musk Set to Testify at US Trial Over His $50 Billion Tesla Pay Package
Elon Musk is set to take the stand on Wednesday as part of an ongoing trial over his $50 billion compensation as Tesla CEO, filed by a shareholder. The complaint by shareholder Richard Tornetta, who accuses Musk of "unjustified enrichment" and asked for the annulment of a pay program that helped make the entrepreneur the richest man in the world. T...
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US Supreme Court Tosses Case Involving Securities Fraud Suit Against Facebook
The US Supreme Court sidestepped on Friday a decision on whether to allow shareholders to proceed with a securities fraud lawsuit accusing Meta's Facebook of misleading investors about the misuse of the social media platform's user data.
-
Intel Shareholders Sue Chipmaker After Job, Dividend Cuts Cause Stock Plunge
The lawsuit came after Intel said last Thursday it would lay off more than 15 percent of its workforce, or more than 15,000 jobs, and suspend its dividend starting in the fourth quarter as part of a restructuring meant to save $10 billion (roughly Rs. 83,976 crore) in 2025.
-
Musk Suggests Late Twitter Disclosure Was A Mistake, Seeks To End Lawsuit
Elon Musk wants to dismiss a lawsuit by former Twitter shareholders who said he waited too long in early 2022 to reveal his large ownership stake in the social media company, saying "all indications" show his delay was a mistake.
-
Tesla CEO Elon Musk Faces Shareholder Lawsuit for Alleged $7.5 Billion Insider Trading
Tesla shareholder Michael Perry has filed a lawsuit accusing Tesla CEO Elon Musk of insider trading. The shareholder alleges that Musk sold over $7.5 billion of shares of the electric car maker in late 2022, before potentially disappointing production and delivery numbers were made public by the electric car maker. The lawsuit asks a US court to di...
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Case Against Elon Musk For Alleged $7.5 Billion Insider Trading
A Tesla shareholder filed a lawsuit on Thursday accusing CEO Elon Musk of insider trading when he sold over $7.5 billion of shares of the electric car maker in late 2022.
-
US Judge Rejects Apple's Bid to Throw Out Lawsuit That Accuses CEO Tim Cook of Defrauding Shareholders
A US judge has rejected Apple's bid to throw out a class-action lawsuit led by a British pension fund that accused Chief Executive Tim Cook of defrauding shareholders by concealing falling demand for iPhones in China.
-
Judge Dismisses Lawsuit That Alleges Elon Musk Cheated Shareholders Several Times During Twitter Buyout
In a decision on Monday, US District Judge Charles Breyer in San Francisco said plaintiff William Heresniak lacked standing to sue because he challenged "wrongs associated with" Musk's buyout, not the fairness of the buyout itself.
-
HP Must Face Lawsuit for Alleged Shareholder Fraud by Boosting Sales, Appeals Court Rules
A US appeals court on Tuesday revived a lawsuit alleging HP defrauded shareholders by secretly using unprofitable tactics to boost sales of its printing supplies in 2015 and 2016.
-
Elon Musk Takes Witness Stand, Defends 2018 Buyout Tweets in Tesla Shareholder Trial
Elon Musk on Friday defended his tweet from 2018 claiming that he had lined up funding to take Tesla private in a class-action lawsuit by shareholders claiming he misled investors. The Tesla CEO delivered sworn testimony in a US court in front of a nine-person jury and a full room of media and other spectators, and the trial was adjourned for the w...
-
Tesla Shareholder Trial: US Jury Told That Elon Musk's 'Lies' Cost Tesla Investors Millions
Tesla investors' lawyer told jurors in the lawsuit against Elon Musk that the billionaire's lies about having funding in place to take the company private had cost his clients millions of dollars in 2018. The first witness, a 71-year-old man, told jurors Elon Musk's tweet about taking the company private threatened almost all the money he had inves...
-
Tesla Engineer Tells US Court That the Firm Staged 2016 Video Promoting Self-Driving Capabilities
A Tesla engineer has testified during Elon Musk's ongoing shareholder lawsuit that the company's promotional video in 2016 showing off the vehicle's capabilities like stopping at a red light and accelerating at a green light was staged and the vehicle did not have those capabilities. The video was released in October 2016 and promoted on Twitter by...
-
Elon Musk's Trial Over His 'Funding Secured' Tweets About Tesla in 2018 Set to Begin: All You Need to Know
Elon Musk is set to face a trial in a US court over his tweets about Tesla from 2018, triggered by a class-action lawsuit on behalf of investors who owned Tesla stock for a 10-day period in that year. Here's why the beleaguered billionaire, who took Twitter private last year, is facing a trial over a firm that he didn't.
-
Elon Musk Wants Tesla Shareholder Lawsuit Moved to Texas, Claims He Can't Get Fair Trial in California
Elon Musk's lawyers have asked a federal judge in the US to move a Tesla shareholder trial to Texas from California, claiming that he would not get a fair trial in the state. The billionaire has asked the court to postpone the trial until negative publicity regarding the billionaire’s purchase of Twitter has died down, if moving the trial is not ...
-
Elon Musk Defends $56 Billion Salary, Says Some Tesla Decisions Made Without Board Nod
Elon Musk on Wednesday defended his $56 billion (roughly Rs. 4,56,800 crore) pay package in a US court, in a lawsuit filed by a shareholder. The Tesla CEO said that he made some decisions without the approval of the company's board. However, the testimony did not definitely prove who developed Musk's 2018 pay package or establish whether it was a p...
-
Elon Musk Set to Testify at US Trial Over His $50 Billion Tesla Pay Package
Elon Musk is set to take the stand on Wednesday as part of an ongoing trial over his $50 billion compensation as Tesla CEO, filed by a shareholder. The complaint by shareholder Richard Tornetta, who accuses Musk of "unjustified enrichment" and asked for the annulment of a pay program that helped make the entrepreneur the richest man in the world. T...
