Quinn’s Alex Spiro, Andrew Rossman and Bill Price got a defense verdict finding Elon Musk and Tesla weren’t liable for investor losses after Musk’s 2018 tweet that he had “funding secured” to take Tesla private.
February 10, 2023 at 07:30 AM
8 minute read
Editor/columnist
“Funding secured,” tweeted Elon Musk back in August 2018 announcing a potential deal to take Tesla private at $420 a share.
“Not true,” is essentially what Senior U.S. District Judge Edward Chen in San Francisco ruled last year on summary judgment in a securities class action centering on the tweet finding it and a follow-up sent hours later were false and reckless.
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(l-r) Alex Spiro, Andrew Rossman, and Bill Price, of Quinn Emanuel Urquhart & Sullivan. Courtesy photos
