Tesla shareholders didn’t prove at trial that Elon Musk breached his fiduciary duties in the company’s 2016 acquisition of SolarCity Corp., Vice Chancellor Joseph R. Slights III has found.

In a 132-page opinion issued Wednesday, Slights ruled in favor of Musk and the Tesla board of directors on all claims, which were covered in an 11-day trial in July 2021 and post-trial argument in January, with attorneys from Cravath, Swaine & Moore and Ross Aronstam & Moritz representing Musk and Potter Anderson & Corroon appearing for Tesla.

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