Green Car Congress

DECEMBER 20, 2018

The participants intend this program to be implemented on a regional basis after a critical mass of Northeast and Mid-Atlantic states have completed the legal processes to implement the agreed upon pricing mechanism. —Transportation & Climate Initiative Statement.

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District of Columbia DC Transportation Rhode Island 262

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

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Delaware Legal Personal Price 93

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. The social media company intends to force Musk to complete the merger through legal action.

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Legal Delaware 2018 Tesla 98

Teslarati

JANUARY 31, 2025

Meta, the parent company of social media giants like Facebook and Instagram, is reportedly exploring options to change its legal home from Delaware to Texas. The company is also looking at other states for this legal shift, the WSJ reported. ALERT: Meta is preparing to Leave Delaware and incorporate in another state!

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Delaware Nevada Texas Legal 67

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. Musk’s legal team noted that it had tried to begin the discovery process after McCormick’s decision last week, but Twitter had so far been uncooperative.

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Legal Delaware Tesla Production 98

Teslarati

MAY 29, 2024

Delaware Judge Chancellor Kathaleen McCormick has noted that she feels assured that Tesla would not use its upcoming 2024 Annual Stockholders’ Meeting as a way to attack her decision to rescind the CEO’s 2018 pay package. Tornetta’s legal team shared their concerns in a court filing last month.

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Delaware Legal Tesla 2018 72

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 133

Green Car Congress

FEBRUARY 11, 2012

Led by the State of New York, the coalition also includes California, Connecticut, Delaware, Maryland, Massachusetts, New Mexico, Oregon, Rhode Island, Vermont and Washington. The EPA has not taken action in response to the coalition's notice, leading Schneiderman and his coalition to take the latest legal action.

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Teslarati

JUNE 22, 2024

Elon Musk’s lawyers are seeking a delay in a hearing that would determine the legal fees that will be awarded to the legal team who challenged the CEO’s 2018 Performance Award. Tesla’s legal team noted that a recent shareholder vote which ratified Musk’s 2018 compensation plan impacts what remains to be decided in the case.

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Legal Delaware Tesla 2018 65

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 99

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). Li-ion maker A123 Systems, Inc. Earlier post.). Earlier post , earlier post.)

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Financing Fisker Sale Delaware 225

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. Best to get out of Delaware as soon as possible possible. Following the decision to void Musk’s $55.8

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Delaware Tesla Legal 2018 119

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 101

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 139

Teslarati

AUGUST 11, 2022

Tesla CEO Elon Musk’s legal team has alleged that Twitter is hiding the names of workers calculating bot users. Musk’s legal team has submitted a letter to Delaware Chancery Court Judge Kathaleen St. Twitter has so far not issued a statement about the recent filing from Musk’s legal team. per share. .

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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. The Twitter Board is committed to closing the transaction on the price and terms agreed upon with Mr. Musk and plans to pursue legal action to enforce the merger agreement.

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Delaware Legal Financing Price 145

Teslarati

JUNE 13, 2024

Texas Governor Greg Abbott expressed his support to Elon Musk and Tesla after the CEO noted on X that TSLA investors are on track to ratify his 2018 CEO Performance Award and approve the electric vehicle maker’s proposed redomestication from Delaware to Texas. Abbott shared his thoughts in a post on his personal X account.

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Texas Delaware Tesla 2018 110

Green Car Congress

MAY 28, 2009

The petitions were filed in the US Bankruptcy Court for the District of Delaware. Visteon’s legal advisor is Kirkland & Ellis LLP; its restructuring advisor is Alvarez & Marsal and its financial advisor is Rothschild Inc. No Visteon subsidiaries or joint ventures outside the US are part of the filing.

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United States Delaware Legal Financing 150

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 111

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 131

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

APRIL 18, 2024

The filing came with a letter written by Chairperson Robyn Denholm, who wrote that the Tesla Board disagreed with the Delaware Court’s ruling on Musk’s 2018 pay package. “We do not think that what the Delaware Court said is how corporate law should or does work. . Musk’s pay package has a maximum value of $55.8

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Delaware Tesla 2018 Legal 98

Electric Cars Report

AUGUST 8, 2023

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. Commercial vehicle electrification company Proterra filed for Chapter 11 bankruptcy protection on Monday.

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Delaware Legal Commercial Electric Cars 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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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. Tesla has previously announced that it would be appealing Delaware Chancellor Kathaleen McCormick’s ruling, which overruled a vote from a majority of Tesla shareholders.

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Delaware Tesla 2018 Legal 90

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 123

Teslarati

AUGUST 25, 2022

.” At the same time, 14 states, including Connecticut, Colorado, Delaware, Maine, Maryland, Massachusetts, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Vermont, Washington, and the District of Columbia, follow CARB standards as well, meaning that regulation regarding ICE sales would be far-reaching.

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District of Columbia California St. Louis Rhode Island 117

Teslarati

MARCH 7, 2024

Is the law firm behind the legal complaint that ultimately rescinded Elon Musk’s 2018 pay package looking to get overpaid? The case was filed by a thrash metal drummer and car enthusiast, Richard Tornetta, who held nine TSLA shares when the legal complaint was filed. A growing number of Tesla shareholders say so.

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Delaware Tesla 2018 Legal 110

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 104

Teslarati

JULY 12, 2021

Elon Musk has made his opening remarks in a Wilmington, Delaware, courthouse on Monday morning, defending Tesla’s $2.6 ” Ultimately, legal experts indicate that Judge Slights will be looking for any sort of evidence that would conclude Musk threatened directors or board members to decide in favor of purchasing SolarCity.

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Legal Purchase Delaware Solar 144

Green Car Congress

JUNE 28, 2023

Jefferies is acting as financial advisor to the Company, and White & Case LLP is acting as legal counsel. The litigation accuses Foxconn of fraud and willful and consistent failure to live up to its commercial and financial commitments to Lordstown.

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Motoring Motors Motor Ohio 150

Teslarati

JUNE 12, 2024

Tesla also highlighted its stance on Elon Musk’s 2018 CEO Performance Award and the company’s proposed redomestication from Delaware to Texas. However, back in late January 2024, a Delaware judge rescinded Musk’s 2018 CEO Performance Award. Tesla also noted that voting closes at 10:59 p.m. CT tonight.

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Delaware Tesla 2018 Texas 91

Teslarati

JULY 15, 2021

Tesla CEO Elon Musk is currently in a Delaware courtroom where he is defending the company’s acquisition of SolarCity after various shareholders felt Musk might have forced Tesla board members into voting toward the motion that would see the companies combine.

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India Delaware Tesla Legal 138

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 104

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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Corporation Delaware Nevada Texas 70

Teslarati

NOVEMBER 18, 2021

CEO Elon Musk said during a legal case in Delaware regarding the acquisition of SolarCity that Tesla would produce between 30,000 and 35,000 units in Q3. However, Powerwall has lagged due to chip shortages, and has not been as drastically effective as the company hoped for. Demand stood at around 80,000 units.

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Installation Tesla Energy Storage Solar 145