Chancery Preps For Trial On Musk's $2.6B SolarCity Bailout

Law360 (June 14, 2021, 2:21 PM EDT) -- Delaware's Chancery Court set the stage Monday for an early, high-profile test of its phased courtroom reopening: a 10-day trial in July on a stockholder suit accusing Tesla founder Elon Musk of guiding Tesla to a conflicted, $2.6 billion buy of struggling rooftop solar venture SolarCity.

Musk will be the lone target of the proceeding, which will begin July 12 in a courtroom with limited occupancy under COVID-19 social distancing rules and will send members of legal teams for the parties off-site when not actively involved. A second overflow courtroom will be available for public access, but livestreaming of proceedings will...

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