Tesla Tweet Suits Combined With Levi & Korsinsky At Helm

Law360 (November 27, 2018, 7:30 PM EST) -- A California federal judge on Tuesday chose a Levi & Korsinsky LLP-represented trader as lead plaintiff in a slew of class actions seeking to hold Tesla and Elon Musk accountable for two August tweets that roiled the company’s stock price.

U.S. District Judge Edward Chen said that, out of seven competing plaintiff-and-counsel teams, trader Glen Littleton was the best choice for lead plaintiff. Littleton “held interests that cover most of the persons/entities likely to be in the class — i.e., long positions in common stock, long positions in options, and short positions in options — and thus can most adequately represent...

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