Teslarati

OCTOBER 11, 2022

Elon Musk’s legal team threw some allegations against Twitter in a recent filing, with the Tesla CEO’s camp alleging that the social media company had ordered whistleblower Peiter “Mudge” Zatko, its former head of security, to destroy evidence as part of his severance package. Judge Kathaleen St. per share. .

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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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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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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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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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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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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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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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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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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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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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Baua Electric

JUNE 17, 2024

Following Tesla shareholders voting again for Musk’s 2018 CEO compensation plan last week, the automaker’s lawyers now have to explain to the Delaware judge how this impacts the case that rescinded the compensation. Tesla is asking the parties involved in Elon Musk’s CEO compensation case to interpret shareholders’ ratification last week.

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Baua Electric

MAY 29, 2024

Tesla has successfully reassured a Delaware judge that its attempted incorporation move to Texas won’t affect Elon Musk’s CEO compensation case. The lawyers for the plaintiffs filed to accelerate the case, which is set for a hearing on July 8 to address the ridiculously high $6 billion legal fee they are asking for.

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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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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

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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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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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. The lawsuit alleged that Tesla and Musk used a seemingly AI-generated image inspired by Blade Runner 2049 during “We, Robot” without Alcon Entertainment’s permission.

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Teslarati

JUNE 27, 2024

Following the results from the Annual Stockholders Meeting, Tesla initiated efforts to urge Delaware Judge Chancellor Kathaleen McCormick to reconsider her verdict , voiding Elon Musk’s compensation plan. The plaintiff’s legal team initially wanted to be paid with 27 million TSLA shares worth billions. billion in cash.

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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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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

NOVEMBER 1, 2024

Delaware Court of Chancery Chancellor Kathaleen McCormick announced on Thursday that she will make a choice on whether Musk should be awarded the massive sum by the time 2025 is here. She will also weigh the request by lawyers of the shareholder who sued Musk for the pay package of $1 billion in legal fees in either cash or stock.

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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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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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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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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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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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Teslarati

SEPTEMBER 12, 2022

The legal tensions between Tesla CEO Elon Musk and social media company Twitter continue to rise. In their letter on Friday , Musk’s legal team argued that Twitter violated its merger agreement with the Tesla CEO when it paid a confidential settlement to its former security chief.

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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.

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Teslarati

JULY 27, 2022

Elon Musk’s legal team calls out Twitter over alleged pretrial delays. Company Chairman Bret Taylor said, “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. I’d love to hear from you!

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Teslarati

JUNE 12, 2024

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. “Not in shareholders’ best interests and may provide uncertain benefits and additional legal risks.

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Green Car Reports

APRIL 18, 2012

Beset by delays, recalls and even a legal case from an irate investor, Fisker hit a low point in February when it was forced to lay off workers after missing deadlines associated with much-needed U.S. For Fisker Automotive, the last twelve months haven’t been exactly easy. Department of Energy low-interest advanced-technology vehicle.

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Baua Electric

JUNE 13, 2024

The other shareholder proposals are interesting, but everyone’s attention has been on two in particular: whether to reapprove Musk’s previously-voided $55 billion pay package and whether to redomicile the company to Texas from Delaware. Why Delaware, anyway? You’d think that was the end of the article, but it’s not.

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Teslarati

JULY 18, 2022

A new report from the New York Post , which lists “a source close to the case,” says the purpose of the Musk countersuit is to push a Delaware Court of Chancery judge to grant lawyers for the Tesla CEO to gather information about Twitter’s bot population, which is the main reason Musk would like to pull out of the suit.

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Teslarati

AUGUST 8, 2022

Musk and Twitter are currently engaged in what is shaping up to be a bitter legal battle. Both sides are headed to a trial in a Delaware court this coming October. Musk shared his thoughts about his ongoing legal battle against Twitter in a series of tweets over the weekend.

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Teslarati

OCTOBER 5, 2022

legal filing made public on Wednesday revealed that Elon Musk and Twitter’s trial would proceed on Monday, October 17, 2022. Despite his decision, Chancellor Kathaleen McCormick of the Delaware Chancery Court wrote in a recent legal filing that neither Elon Musk nor Twitter has filed for a stay with the court.

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Baua Electric

MAY 28, 2024

Tesla incorporated in Delaware, like many other American companies, because the states has laws extremely favorable to corporations. And Tesla will need better luck because the new shareholder’s vote on the compensation package doesn’t automatically invalidate the judge’s decision to rescind the package and more legal challenges are expected.

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