Tesla Shareholders Must Nail Down False Claims, Judge Says

Law360, San Francisco (February 14, 2014, 7:29 PM EST) -- A California federal judge on Friday allowed shareholders in Tesla Motors Inc. to update their class allegations that Tesla caused a $6.5 billion market loss by making false statements about its electric cars' safety, but ordered them to provide evidence showing the statements were untrue.

U.S. District Court Judge Charles Breyer told the plaintiffs Thursday that they need to get down to the nitty gritty on which statements from Tesla and its executives were to blame, including any legally required disclosures they may have omitted....
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