Musk Attys Call $13B SolarCity Merger Damages Preposterous
By Jeff Montgomery ( January 18, 2022, 6:17 PM EST) -- In a proposal dubbed "preposterous" by the other side, Tesla stockholder attorneys suggested a $13 billion stock giveback Tuesday as one remedy in a suit challenging Tesla CEO Elon Musk's allegedly conflicted role in the electric car company's 2016 acquisition of rooftop solar panel venture SolarCity. The suggestion came during post-trial merger challenge arguments in Delaware's Chancery Court....
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