SolarCity Trial Starts Today in Investor Suit Targeting Elon Musk and Tesla
The derivative complaint alleged that Elon Musk breached his fiduciary duties and unjustly enriched himself by pursuing the struggling SolarCity, in which he was the largest investor.
July 12, 2021 at 05:00 AM
4 minute read
After a 16-month pandemic delay, attorneys for Elon Musk and Tesla Inc. are set to defend the 2016 acquisition of U.S. solar-panel installer SolarCity Corp., in a deal that sparked allegations of wasted company assets and inside-family dealing by the Silicon Valley-based electric car brand.
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