Tesla Says Method Of Merging Tweet Suits 'Makes No Sense'

Law360 (October 24, 2018, 6:35 PM EDT) -- Tesla Inc. and its CEO Elon Musk told a California federal court Tuesday that bids to consolidate nine proposed class actions over Musk’s going-private tweets were brought on behalf of groups of unrelated people and seek to represent both buyers and sellers of Tesla shares in a way that “makes no sense.”

Tesla and Musk said that while a few of the proposals to consolidate the cases and appoint lead counsel were made by groups that include investors who aren’t U.S. citizens, other proposals were made up of groups that want to be represented by multiple law firms, even though the...

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