Green Car Congress

MAY 1, 2013

has filed a voluntary petition under Chapter 11 in the US Bankruptcy Court, District of Delaware (Petition Nº 13-11153) to enable the reorganization of its business solely around energy storage based on its Li-ion battery systems. CODA’s legal advisor in connection with the restructuring is White & Case LLP.

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Energy Storage Energy Li-ion Legal 231

Teslarati

JULY 12, 2022

On Tuesday, July 12, Twitter officially filed a lawsuit against Elon Musk in the Delaware Court of Chancery. The company aims to force Musk to finalize his $44 billion deal. ” Twitter has filed a lawsuit in the Delaware Court of Chancery to hold Elon Musk accountable to his contractual obligations.

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Teslarati

JULY 8, 2024

Tesla shareholders are set to head to court this week to fight against attorney requests for billions in legal fees, as part of the case in which a Delaware judge voided CEO Elon Musk’s $56 billion compensation plan earlier this year. Last month, the legal team last month adjusted its request to just $1.44

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Delaware Legal Tesla New Jersey 135

Teslarati

DECEMBER 3, 2024

Tesla has expressed its intention to challenge a Delaware judge’s decision to void CEO Elon Musk’s $56 billion compensation package despite the pay plan being approved by shareholders twice. A Delaware judge just overruled a supermajority of shareholders who own Tesla and who voted twice to pay @elonmusk what he’s worth.

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Delaware Tesla Legal 2018 140

Teslarati

JULY 10, 2022

Twitter Board Chairman Bret Taylor announced that the social media company would pursue legal action to ensure Elon Musk seals his $44 billion deal. Inside sources told Reuters that Twitter plans to file a lawsuit this week in Delaware. Twitter hired Wachtell, Lipton, Rosen & Katz LLP to represent the company.

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Teslarati

DECEMBER 3, 2024

Tesla CEO Elon Musk will get his $56 billion pay package from the company “one way or another” after Delaware Chancery Court Chancellor Kathaleen McCormick denied the massive compensation for a second time on Monday night. ” Shares are down just over two percent at 12:30 p.m. on the East Coast. on the East Coast.

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Delaware Tesla Legal Texas 139

Teslarati

MARCH 2, 2024

Elon Musk has responded to lawyers in the recent Delaware case regarding his Tesla compensation package, after the attorneys this week requested legal awards of 29 million Tesla shares — worth almost $6 billion. billion at the company’s current valuation (via Bloomberg ). Following the decision to void Musk’s $55.8

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Delaware Tesla Legal 2018 144

Teslarati

JULY 26, 2022

Tesla CEO Elon Musk’s legal team has filed a letter to the Delaware Chancery Court, alleging that Twitter is engaging in unnecessary pretrial delays. The letter is addressed to Chancellor Kathaleen McCormick, who would be deciding the case between Musk and the social media company.

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Teslarati

MAY 29, 2024

As could be seen in Denholm’s letter , Texas is already the business home for Tesla, so it only makes sense to make the Lone Star state into the company’s legal home as well. We need to make it our legal home, too. Over the last several years it has become clear that Delaware is no longer the right jurisdiction for us.

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Texas Delaware Tesla Legal 142

Green Car Congress

NOVEMBER 6, 2012

announced that the United States Bankruptcy Court for the District of Delaware (the "Court") has granted A123 interim approval to use $50 million of Debtor-in-Possession (DIP) financing, which is being provided by Wanxiang Group Corporation (Wanxiang). He suggested that what the company calls its “stalking horse”—i.e.,

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Financing Fisker Sale Delaware 225

Teslarati

FEBRUARY 20, 2025

Delaware’s corporate grip seems to be slipping. ” The “Dexit” Exodus: Meta, Dropbox, Pershing Square, Trade Desk, Fidelity National Financial, and Sonoma Pharmaceuticals have drafted up plans to potentially exit Delaware and incorporate somewhere else, as noted in a Yahoo Finance report. .”

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Teslarati

JUNE 12, 2024

Tesla’s 2024 Annual Stockholders’ Meeting is just over a day away, and the company is putting out all the stops to encourage its investors to vote for the event’s key proposals. The company provided a link to its dedicated webpage for key proposals at the 2024 Annual Stockholders’ Meeting, votetesla.com , as well.

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Delaware Tesla 2018 Texas 138

Teslarati

SEPTEMBER 16, 2022

According to the CEO’s legal team, Twitter’s alleged decision to conceal flaws in its data security — as highlighted by whistleblower and former Twitter security chief Peiter “Mudge” Zatko — amounted to fraud and a breach of contract by the social media company. .

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Legal Delaware Congress 2011 145

Teslarati

MAY 12, 2024

Tesla investors currently have the chance to vote on a number of proposals for the company’s upcoming shareholder’s meeting, with CEO Elon Musk’s 2018 pay package hanging in the balance after it was struck down by a Delaware judge. ” What are your thoughts?

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2018 Delaware Tesla Legal 142

Teslarati

AUGUST 11, 2022

Tesla CEO Elon Musk’s legal team has alleged that Twitter is hiding the names of workers calculating bot users. The workers would likely be serving as key witnesses to the companies’ court battle this October. Musk’s legal team has submitted a letter to Delaware Chancery Court Judge Kathaleen St. per share. .

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Green Car Congress

MAY 28, 2009

The petitions were filed in the US Bankruptcy Court for the District of Delaware. Visteon is taking this step to maximize the long-term value of the company. The results of these actions, combined with our innovative products and excellent product quality, will allow Visteon to emerge a financially sound and well-positioned company.

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United States Delaware Legal Financing 150

Teslarati

JULY 8, 2022

In a letter , Musk’s legal team stated that despite the Tesla CEO’s requests for critical data on the social media platform’s users, Twitter had been uncooperative. Musk had demanded more data from Twitter after the social media company noted in an SEC filing that less than 5% of its users are fake accounts.

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Delaware Legal Financing Price 145

Teslarati

APRIL 17, 2024

The document included details about the electric vehicle maker’s 2024 annual meeting of stockholders, updates regarding the company’s plans for CEO Elon Musk’s 2018 pay package, as well as an initiative to move Tesla’s state of corporation from Delaware to Texas.

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Texas 2018 Delaware Tesla 140

Teslarati

DECEMBER 13, 2024

A Delaware judge has cleared the way for Elon Musk and Tesla to begin a legal appeal process for Musk’s 2018 pay package. The appeal process is a key step in the company’s attempt to try and reinstate the CEO’s $56 billion high-risk, high-reward compensation plan.

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Delaware Tesla 2018 Legal 98

Green Car Congress

AUGUST 10, 2023

Proterra has voluntarily filed for protection under Chapter 11 of the US Bankruptcy Code in the District of Delaware in an effort to strengthen its financial position through a recapitalization or going-concern sale. As a result of the filing, Proterra cancelled its scheduled earnings conference call on Wednesday.

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Delaware North America Legal Asia 150

Electric Cars Report

AUGUST 8, 2023

Commercial vehicle electrification company Proterra filed for Chapter 11 bankruptcy protection on Monday. The decision to file for bankruptcy was made on a voluntary basis within the jurisdiction of the District of Delaware, where the company is legally incorporated.

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Delaware Legal Commercial Electric Cars 98

Teslarati

FEBRUARY 5, 2024

Thousands of retail Tesla ( NASDAQ:TSLA ) investors have banded together to express their support of CEO Elon Musk’s and his 2018 compensation plan, which was rescinded by a Delaware judge last week. The group also expressed their support to the idea of Tesla moving its state of incorporation from Delaware to Texas.

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Delaware Tesla 2018 Texas 145

Teslarati

JULY 15, 2021

A Form 4 is the necessary paperwork needed for “an insider” with a company to execute a transaction. The purpose is to make the public aware of the “insider’s various transactions in company securities, including the amount purchased or sold and the price per share,” the SEC writes.

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India Delaware Tesla Legal 145

Teslarati

JANUARY 15, 2025

A spokesperson for Stichting Pensioenfonds ABP said to Bloomberg that “We had a problem” with Musk’s pay package, which is still in limbo after it was ruled to be unreasonable by Delaware Chancery Court Judge Kathaleen McCormick.

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Delaware Tesla Legal Europe 111

Teslarati

JUNE 12, 2024

With just over a day before Tesla’s 2024 Annual Stockholders’ Meeting, the company’s large investors are drawing a line in the sand. While the Florida Pension Board voted for the ratification of Elon Musk’s 2018 CEO Performance Award, the board voted against the proposed redomestication of Tesla from Delaware to Texas.

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Florida 2018 Texas Delaware 138

Teslarati

JULY 12, 2021

Elon Musk has made his opening remarks in a Wilmington, Delaware, courthouse on Monday morning, defending Tesla’s $2.6 billion acquisition of solar energy company SolarCity. If this can be proven, it would likely imply that the deal was unfair to shareholders and could impose tougher legal implications for the CEO.

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Teslarati

MAY 20, 2024

Tesla has shared a new video ahead of its upcoming Annual Shareholders Meeting next month, urging voters once again to vote in favor of two proposals: CEO Elon Musk’s recently struck-down compensation plan from 2018 and the company’s re-incorporation in Texas.

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Texas Tesla Delaware 2018 141

Teslarati

NOVEMBER 18, 2021

Tesla announced yesterday that it has installed 250,000 Powerwalls globally, a tremendous milestone for the sustainable energy company. Tesla is widely characterized as an automotive company, even though CEO Elon Musk expects the entity’s energy business to be just as large as the automotive side within the next few years.

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Installation Tesla Energy Storage Solar 145

Teslarati

OCTOBER 22, 2024

Tesla, Elon Musk, and Warner Brothers Discovery have been named as defendants in a lawsuit filed by Delaware LLC and Hollywood filmmaker Alcon Entertainment. Alcon did not want Blade Runner 2049 to be affiliated with Musk, Tesla, or any Musk company for all of these reasons,” the plaintiff wrote.

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Tesla Delaware Legal Future 136

Green Car Congress

JUNE 28, 2023

According to the lawsuit, Foxconn simply used its variety of contractual arrangements with the Company as a tool to destroy Lordstown’s business, while leveraging resources gained through the partnership to advance its own business interests.

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The Truth About Cars

MAY 28, 2024

The consideration comes after a 2018 package was nixed in a Delaware court. Musk and the board both believe that they’d have fared better in a Texas courtroom, though a vote to approve the latest package doesn’t guarantee that there won’t be further legal battles, even in the Lone Star State.

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Delaware 2018 Legal Texas 105

Teslarati

SEPTEMBER 29, 2022

Twitter’s legal team has claimed that even consultants hired by Elon Musk himself were not able to verify the CEO’s estimates that the social media platform had significantly more spam and fake accounts than Twitter’s public estimates. The companies produced spam estimates of 11% and 5%, respectively. .

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Teslarati

SEPTEMBER 12, 2022

The legal tensions between Tesla CEO Elon Musk and social media company Twitter continue to rise. Elon Musk and Twitter’s Board of Directors reached an agreement in late April, which involved the social media company accepting the CEO’s offer to acquire Twitter at $54.20

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Legal Delaware Tesla Companies 98

Teslarati

OCTOBER 19, 2022

Days before the deadline to finalize the company’s deal with Elon Musk, Twitter Inc. The move suggests that the social media company is hopeful the deal with the Tesla CEO will be finalized. A Delaware court has directed Elon Musk, the CEO of Tesla Inc., This sparked a string of legal disputes between the two sides. .

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Legal Delaware Purchase Buy 98

Teslarati

JULY 27, 2022

The Twitter Board of Directors recommends that stockholders vote in favor of the transaction (“FOR”),” the company wrote in the filing. Elon Musk’s legal team calls out Twitter over alleged pretrial delays. Elon Musk’s legal team calls out Twitter over alleged pretrial delays. I’d love to hear from you!

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Teslarati

AUGUST 8, 2022

The social media company just has to provide its method of sampling accounts and how they’re confirmed to be real. Musk and Twitter are currently engaged in what is shaping up to be a bitter legal battle. per share, an amount that was approved by the social media company’s Board of Directors.

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Teslarati

JULY 18, 2022

Tesla CEO Elon Musk is planning to file a counter-lawsuit against social media company Twitter in an attempt to terminate the $44 billion agreement the two parties had where Musk would buy the platform. ” Twitter files suit against Elon Musk in Delaware court to enforce buyout deal. per share through their suit.

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Delaware Grant New York Legal 98