March 23, 2015
A California federal judge Monday rejected a sanctions bid by Tesla Motors Inc. and its CEO Elon Musk alleging Pomerantz LLP and Glancy Binkow & Goldberg LLP lodged a frivolous securities class action against the electric vehicle maker, finding that although the plaintiffs' "erroneous" claims ended up getting tossed, they had been brought in good faith.
March 16, 2015
Tesla Motors Inc. and its CEO Elon Musk on Friday urged a California federal judge to grant its bid for sanctions against Pomerantz LLP and Glancy Binkow & Goldberg LLP over a "frivolous" securities class action, saying the firms didn't properly investigate the suit's claims and that the motion wasn't personal.
March 02, 2015
Pomerantz LLP and Glancy Binkow & Goldberg LLP told a California federal court Friday that Tesla Motor Co.'s demand for sanctions over what it called a "frivolous" securities class action is merely a retaliatory attack on the firms' reputations by Tesla CEO Elon Musk for filing a lawsuit against him.
December 19, 2014
Elon Musk and Tesla Motors Inc. asked a California federal judge Thursday for sanctions against Pomerantz LLP and Glancy Binkow & Goldberg LLP for bringing a "frivolous" securities class action nixed by a judge who called it a "losing proposition" to accuse Tesla of lying about the safety of its vehicles.
September 26, 2014
A California federal judge on Friday axed a proposed class action accusing Tesla Motors Inc. of causing a $6.5 billion drop in its market value by lying about its electric cars' safety, saying he didn't see any evidence that Tesla's statements after three battery fires were false.
February 14, 2014
A California federal judge on Friday allowed shareholders in Tesla Motors Inc. to update their class allegations that Tesla caused a $6.5 billion market loss by making false statements about its electric cars' safety, but ordered them to provide evidence showing the statements were untrue.
November 12, 2013
Tesla Motors Inc. was hit by a putative securities action in California federal court on Friday by an investor who says Tesla and certain top executives made false statements regarding the safety of a vehicle's battery pack, leading to a $6.5 billion market loss in six weeks.