Court Allows Tesla Dissenting Shareholder Suit to Go Forward

BVLaw
Court Case Digests
March 28, 2018

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3711 Motor Vehicles and Passenger Car Bodies
336111 Automobile Manufacturing
shareholder dissent/oppression
mergers and acquisitions (M&A), breach of fiduciary duty, cash flow, discounted cash flow (DCF), entire fairness, minority interest, controlling shareholder, projections, debt, business judgment
In re Tesla Motors Stockholder Litig.
2018 Del. Ch. LEXIS 102
US
State Court
Delaware
Court of Chancery
N/A (plaintiffs); N/A (defendant)
Slights

Summary

Court of Chancery says Tesla dissenting shareholders allege sufficient facts to show company CEO, Elon Musk, was a controlling shareholder, despite holding a minority interest; court allows breach of fiduciary claims concerning acquisition of related company to proceed.

See Also

In re Tesla Motors Stockholder Litig.

Full Text of Court Cases
March 28, 2018

Court of Chancery says Tesla dissenting shareholders allege sufficient facts to show company CEO, Elon Musk, was a controlling shareholder, despite holding a minority interest; court allows breach of fiduciary claims concerning acquisition of related company to proceed.