SolarCity Seeks $663K In Fees After Investor Suit Dismissal
Law360, Los Angeles (September 7, 2016, 7:55 PM EDT) -- SolarCity Corp. on Tuesday asked a California federal judge to issue fee-shifting sanctions of $663,000 against investors who brought a previously tossed proposed class action, saying the investors didn't back up their allegations.
Investors had alleged that SolarCity and its leaders mislead them for at least a year about the company’s finances, but U.S. District Judge Beth Labson Freeman dismissed the suit in August, saying it didn’t appear the company’s accounting errors were intentional.
Now SolarCity is saying that the investors and their attorneys didn’t comply with civil procedure rules because they advanced “frivolous legal and factual contentions,” which merits fees...
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