An investor at Maxwell Technologies Inc. on Monday lodged the latest challenge to Tesla’s planned $218 million acquisition of the small manufacturer of energy-storage products, saying that the Maxwell board had failed to disclose information regarding potential conflicts by the firm’s financial adviser.
The class-action complaint, filed by Maxwell investor Davis Rodden, targeted the company’s board and sought additional discloses about Barclays Capital Inc.’s current and prior engagements outside of the all-stock deal, which was announced last month.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]