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Musk, Tesla Board Sued over Tweeting in Violation of SEC Deal (2)
(
bloomberglaw.com
)
12 points
by
_Microft
on March 13, 2021
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3 comments
stefan_
on March 13, 2021
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> A Tesla Inc. investor sued
This is just a random nobody suing, not the SEC. It's not very noteworthy.
spullara
on March 13, 2021
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How hard is it to make this case based on the stock price in May 2020 vs now? It is currently up over 4x since the tweet.
etaioinshrdlu
on March 13, 2021
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It does seem like it would be hard for the investor to have standing in this case. Although if the investor sold because of the tweet, but the stock went up, in some sense the investor was harmed by the tweet, so that might qualify. Not a lawyer.
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This is just a random nobody suing, not the SEC. It's not very noteworthy.