SAN FRANCISCO — Lawyers for Tesla Motors Inc. are seeking sanctions against two plaintiffs firms after a federal judge found a securities lawsuit they filed against the luxury car company “utterly failed” to plead an actionable claim.

The plaintiffs lawyers with Pomerantz and Glancy Binkow & Goldberg accused Tesla of making false statements about the risk of fire posed by batteries in the company’s electric cars. In a motion filed Thursday in the Northern District of California, Tesla’s attorneys with Irell & Manella argued plaintiffs didn’t investigate their claims, and ignored facts that showed the cars were not prone to fires and actually some of the safest on the market.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at customercare[email protected]