Musk Rips Subpoena Bid For Grimes, Banks Over Tesla Tweet
Law360 (January 4, 2019, 5:25 PM EST) -- Singers Azealia Banks and Claire Boucher, also known as Grimes, should not be subpoenaed to give evidence they likely do not have in the securities class action over a stock drop allegedly stemming from Tesla CEO Elon Musk's misleading tweet, Musk told a California federal court Thursday.
Musk called the bid by the proposed class to lift the mandatory stay on discovery under the Private Securities Litigation Reform Act and subpoena five non-party entities and individuals, including the two musicians and The New York Times, “both procedurally and substantively flawed.”
Lead plaintiff Glen Littleton had contended the subpoenas were necessary to...
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