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Author Topic: Tesla's Elon Musk found not liable in trial over 2018 'funding secured' tweets  (Read 296 times)

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Offline Elderberry

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Tesla's Elon Musk found not liable in trial over 2018 'funding secured' tweets
« on: February 04, 2023, 01:20:12 am »
Reuters By Jody Godoy and Hyunjoo Jin 2/3/2023

 A U.S. jury on Friday found Tesla Inc (TSLA.O) CEO Elon Musk and his company were not liable for misleading investors when Musk tweeted in 2018 that he had "funding secured" to take the electric car company private.

Plaintiffs had claimed billions in damages and the decision also had been seen as important for Musk himself, who often takes to Twitter to air his views.

The jury came back with a unanimous verdict roughly two hours after beginning deliberations.

More: https://www.reuters.com/legal/securities-fraud-trial-over-elon-musks-2018-tweets-draws-close-2023-02-03/

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Offline Kamaji

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Re: Tesla's Elon Musk found not liable in trial over 2018 'funding secured' tweets
« Reply #1 on: February 05, 2023, 05:00:57 pm »
Let’s see how the appeals go. 
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Online catfish1957

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Re: Tesla's Elon Musk found not liable in trial over 2018 'funding secured' tweets
« Reply #2 on: February 05, 2023, 05:01:42 pm »
By a SF jury no less.  I was pretty shocked.
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