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James Webb v. SolarCity Corporation, et al
Case Number:
16-16440
Court:
Nature of Suit:
3850 Securities, Commodities, Exchange
Companies
Sectors & Industries:
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March 08, 2018
9th Circ. Won't Revive Tesla Solar Unit Investor Suit
The Ninth Circuit on Thursday backed a lower court's dismissal of a proposed shareholder class action against Tesla Inc.'s rooftop solar unit, saying investors hadn't done enough to show the company intentionally overstated its profits by $23 million in 2012.
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December 04, 2017
SolarCity Investors Fight To Revive Suit At 9th Circ.
SolarCity Corp.'s investors urged the Ninth Circuit on Monday to revive a proposed shareholder class action alleging the solar energy company intentionally overstated its profits by $23 million in 2012, arguing that the allegations are enough to show SolarCity's misrepresentation was more than just an accidental accounting error.