Credit: TonelsonProductions/Shutterstock.com Shareholders Argue Chancery Decision Gave Tesla a License for Self-Interested Deals
Lawyers for the automaker argued that the shareholders' complaints, including the lack of an independent committee to steer negotiations, couldn't be examined in isolation.
March 29, 2023 at 01:33 PM
3 minute read
Deals
The original version of this story was published on Delaware Business Court Insider
An attorney representing Tesla shareholders argued Wednesday morning that a Chancery decision finding Tesla's 2016 acquisition of SolarCity was acceptable leaves little in the acquisition process subject to Delaware's entire fairness standard.
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