MAY 20 (UPI) — A DELAWARE JUDGE ON TUESDAY DENIED A REQUEST BY LAWYERS FOR TESLA’S SHAREHOLDERS TO MOVE FORWARD WITH THE LAWSUIT. The lawsuit seeks to prevent Tesla CEO Elon Musk from using his personal Twitter account to spread information about Tesla.
Delaware Deputy Attorney General Joseph Slater III ruled Tuesday that Tesla shareholder lawyers did not provide him with sufficient reasons to keep the state court case going. Last year, After Tesla shareholders filed the lawsuit, Slater put it on hold because the Sec’s federal securities fraud and contempt lawsuit against Musk was not yet complete.
Mr Slater said he could not issue an injunction solely on the basis of concerns and speculation about the defendant’s future conduct. But he also warned that Mr Musk might reconsider his decision if his actions were “likely” rather than “inferred” to harm shareholders. (Author/Rain)