Tesla Again Ducks Investor Action Over Model 3 Disclosures
Law360 (March 25, 2019, 7:02 PM EDT) -- Tesla Inc. escaped securities violations claims Monday when a California federal judge permanently dismissed an investor suit accusing the company of covering up extensive problems associated with the production of its Model 3 sedan, finding that Tesla did not falsify statements in its financial filings.
U.S. District Judge Charles R. Breyer, who had allowed shareholders to revamp their suit after he initially dismissed it in August for the same reasons, ruled that the amended complaint still did not show that the electric car company made misleading statements.
"Because none of plaintiffs' new allegations alter this court's previous order's reasoning that the...
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