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In Re Tesla Motors, Inc. Securities Litigation
Case Number:
3:13-cv-05216
Court:
Nature of Suit:
Multi Party Litigation:
Class Action
Judge:
Firms
Companies
Sectors & Industries:
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March 23, 2015
'Erroneous' Case Against Tesla Doesn't Merit Sanctions: Judge
A California federal judge Monday rejected a sanctions bid by Tesla Motors Inc. and its CEO Elon Musk alleging Pomerantz LLP and Glancy Binkow & Goldberg LLP lodged a frivolous securities class action against the electric vehicle maker, finding that although the plaintiffs' "erroneous" claims ended up getting tossed, they had been brought in good faith.
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March 16, 2015
Tesla Says Class Counsel Sanctions Bid 'Not Personal'
Tesla Motors Inc. and its CEO Elon Musk on Friday urged a California federal judge to grant its bid for sanctions against Pomerantz LLP and Glancy Binkow & Goldberg LLP over a "frivolous" securities class action, saying the firms didn't properly investigate the suit's claims and that the motion wasn't personal.
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March 02, 2015
Class Counsel Say Tesla's Sanctions Bid Is 'Retaliation'
Pomerantz LLP and Glancy Binkow & Goldberg LLP told a California federal court Friday that Tesla Motor Co.'s demand for sanctions over what it called a "frivolous" securities class action is merely a retaliatory attack on the firms' reputations by Tesla CEO Elon Musk for filing a lawsuit against him.
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December 19, 2014
Musk Says Battery Fire Securities Action Was 'Frivolous'
Elon Musk and Tesla Motors Inc. asked a California federal judge Thursday for sanctions against Pomerantz LLP and Glancy Binkow & Goldberg LLP for bringing a "frivolous" securities class action nixed by a judge who called it a "losing proposition" to accuse Tesla of lying about the safety of its vehicles.
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September 26, 2014
Tesla Beats Suit Over $6.5B Stock Drop After Battery Fires
A California federal judge on Friday axed a proposed class action accusing Tesla Motors Inc. of causing a $6.5 billion drop in its market value by lying about its electric cars' safety, saying he didn't see any evidence that Tesla's statements after three battery fires were false.
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February 14, 2014
Tesla Shareholders Must Nail Down False Claims, Judge Says
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.
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November 12, 2013
Tesla Fires Burned $6.5B In Stock Value, Investor Says
Tesla Motors Inc. was hit by a putative securities action in California federal court on Friday by an investor who says Tesla and certain top executives made false statements regarding the safety of a vehicle's battery pack, leading to a $6.5 billion market loss in six weeks.