March 08, 2018
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.
December 04, 2017
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.