Complaints in Delaware court allege that Elon Musk sought to take AI-related projects elsewhere if he could not maintain a 25% equity stake in the electric car manufacturer.
June 13, 2024 at 04:23 PM
3 minute read
Three Tesla shareholders have separately taken legal action against Elon Musk and the company’s board within a week, with the latest complaint filed hours before Tesla’s annual meeting.
The allegations vary and plaintiffs’ counsel doesn’t overlap, but all three suits take issue with Musk prioritizing the AI company he owns over Tesla’s AI growth and with directors not stepping in. X.AI Corp., which like X Corp. is incorporated in Nevada, was founded in 2023.
Presented by BigVoodoo
The National Law Journal Elite Trial Lawyers recognizes U.S.-based law firms performing exemplary work on behalf of plaintiffs.
GlobeSt. Women of Influence Conference celebrates the women who drive the commercial real estate industry forward.
The New York Law Journal honors attorneys and judges who have made a remarkable difference in the legal profession in New York.
Cullen and Dykman is seeking an associate attorney with a minimum of 5+ years in insurance coverage experience as well as risk transfer and ...
McCarter & English, LLP is actively seeking a midlevel insurance coverage associate for its Newark, NJ and/or Philadelphia, PA offices. ...
McCarter & English, LLP, a well established and growing law firm, is actively seeking a talented and driven associate having 2-5 years o...
Tesla car. Photo: Diego M. Radzinschi/ALM
